How five top CEOs predicted the rise of AI in 2024

Through 2024, CNBC's Jim Cramer we discussed the apparent rise in artificial intelligence with dozens of CEOs across the technology world. Here's how five leading enterprise leaders highlighted the meteoric rise of AI this year.

Nvidia CEO Jensen Huang said the “AI computing ramp” is just beginning and will take years.
Huang in March painted picture of the AI landscape, saying that investments in the new technology are still in the early innings. He predicted years of growth and suggested that AI can drive innovation in a number of fields, including science and healthcare.

Nvidia is a Titan of the AI revolution, as it designs and sells advanced technology necessary for the technology. The company is the leading supplier of GPUs, which are used to develop and implement new AI software such as OpenAI's ChatGPT. Big Tech is generally clamoring for Nvidia products, with customers included Meta, Tesla, Microsoft and Amazon wiping out billions. Nvidia stock is currently up 176% year to date, and at times this year over Apple to be the most valuable company on the market.
People's Strike CEO George Kurtz said cybercriminals are flattening out: “The future is going to be an AI battle.”
Kurtz in February explained how his cybersecurity company is fighting cybercrime that is “more active than ever,” how hacker ranks grow and become more advanced with new AI technology in their arsenals. He said next-generation AI is democratizing “very esoteric techniques and attacks,” so that less skilled cybercriminals can still carry out sophisticated attacks.

“What we talked about in the earnings call was the ability to create more enemies with lower skill levels, but operating at a much higher skill level, benefiting from generational AI,” Kurtz said, ” In fact, on the security side, we accelerate generation. AI to protect our customers, so it will be the battle of AI in the future.”
Snowflake CEO Sridhar Ramaswamy said next-generation AI will keep him “busy for many years to come.”
Ramaswamy took the reigns at Snowflake in February, and he explained how the data analytics software maker plans to use new AI technology.

“We have so much desire to do more, whether it's applications running on top of Snowflake, or, of course, harnessing the power of next-generation AI, which I've been focusing on for the past year , to democratize access to enterprise data. , so that even more people can quickly access the data to get value from it,” Ramaswamy said. “So I think there's a huge opportunity in the world of data applications and AI that will keep me busy for many years to come. “

Snowflake has collaborated with Nvidia, and in May, Ramaswamy tightened a new project by the AI darling. According to him, Snowflake's product pipeline, “especially in AI, has been overwhelming.”
AMD CEO Lisa Su described competition with Nvidia: “One size does not fit all in computing. “
Although Nvidia leads the pack in the red-hot semiconductor design industry, competition is fierce, with companies such as AMD and Intel seeking buyers willing to pay top dollar. But in September, when asked about competition with Nvidia, Su recommended there is room for more than one major player in the sector. According to her, the “technological ecosystem” works properly when there is competition and partnership, and customers want the ability to choose between several solid options.

“The way to think about it is, one size doesn't fit all in computing,” Su said. “There's, you know, just one architecture. Really, you need the right computer for each application.”

Su said that she believes that “AI will affect everyone's life,” and that the world is just beginning to understand what the new technology can do. She also said that people should not be impatient about the impact of AI because “technological trends are going to play out over years, not months.”
Generac CEO Aaron Jagdfeld said the pressure on the power grid is “only going to get worse” from weather and technology.
Hunting for money warning that pressure on the power grid only increases as the demand for data centers and other technology related to artificial intelligence continues to grow. 40% of the generator company's business comes from commercial and industrial products, he said, such as backup for manufacturing plants, distribution centers, hospitals and data centers.

“This has become a very pressing point of discussion,” Jagdfeld said. “It's only going to get worse.”

No results