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Nvidia’s CEO defends his moat as AI labs change how they improve their AI models

Nvidia raked in more than $19 billion in net income during the last quarter, the company reported on Wednesday, but that did little to assure investors

Anthropic CEO Dario Amodei also said on Wednesday during an onstage interview at the Cerebral Valley summit in San Francisco that he is not seeing a slowdown in model development. That’s certainly what Nvidia investors wanted to hear, since the chipmaker’s stock has soared more than 180% in 2024 by selling the AI chips that OpenAI, Google, and Meta train their models on. Huang noted that Nvidia is the largest inference platform in the world today and the company’s scale and reliability gives it a huge advantage compared to startups.

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