Jensen Huang, the founder, CEO, and leading advocate for Nvidia, spoke at the Goldman Sachs Communicopia + Technology conference on Thursday, expressing confidence that the company's dominance in artificial intelligence (AI) and its revenue growth will continue through the end of next year. Huang addressed concerns about rising competition in the market for GPUs and AI chips, which are essential for training and running AI models. Competitors include major tech companies like Amazon, Microsoft, and Google, as well as AI research labs such as Anthropic and OpenAI, and newer firms like Cerebras and startups like Etched. Huang emphasized that Nvidia was the original inventor of the GPU, which were initially designed for consumer PC gaming. Today, these powerful chips are used in high-stakes applications, where a single GPU can cost up to $8.5 million and be connected with complex systems like NVLink, involving millions of parts and significant power consumption. He highlighted growing demand for a new computer system combining 36 Grace CPUs with 72 Blackwell GPUs, which is seeing a 27% increase in monthly sales. Huang also reiterated Nvidia's revenue forecast for next year, predicting a 70% year-over-year growth. If current trends continue, Nvidia's revenue could reach approximately $680 billion by next year, up from an expected $400 billion in the current fiscal year. Huang expressed his confidence by stating that Nvidia is deeply embedded in the AI landscape, running models from major players like Anthropic, OpenAI, and Google, as well as open-source alternatives. He described Nvidia as a foundational platform for the AI ecosystem, influencing everything from its suppliers—such as memory chip makers—to data center projects and startups. He noted that Nvidia has a global reach, tracking gigawatts of power and resources used around the world, and receives detailed reports from partners like cloud providers, original equipment manufacturers (OEMs), and AI-focused companies. Huang also addressed questions about Nvidia’s “circular deals,” in which the company invests in other companies that later buy Nvidia’s products. He humorously dismissed the term, saying that if investing $1 and getting $100 back is considered circular, then “let’s do more of that.” He stressed that all investments are backed by real contracts that ensure revenue from customers, citing $100 billion in such commitments. As the AI industry evolves, companies may become more efficient in using resources, but for now, Huang believes Nvidia is well-positioned to continue its success, with a strong presence in nearly every aspect of the AI industry.