Nvidia(NVDA.US) Huang Renxun's optimistic prediction: AI "power shortage catalyst" is not a concern, ultimately driving energy prices down

NVIDIA CEO Jensen Huang stated that the large-scale construction of artificial intelligence infrastructure currently causing pressure on power grids in many regions will ultimately drive down energy costs.

At a conference in Houston, Huang pointed out that with investments pushing more power capacity online and AI applications in energy production and distribution, it will help reduce costs in the long run.

“This will happen, and energy costs will decrease,” Huang asserted. “Because market forces are forcing us to invest in energy supply. Energy supply is increasing, and we will also achieve grid modernization.”

Recently, Huang also said that the company’s proposed investment of up to $100 billion in OpenAI is “never a promise,” and the company will consider any funding in “rounds.”

Huang did not specify the exact amount the company might invest but described the investment as “huge” and possibly “the largest investment we have ever made.” He added that NVIDIA’s contribution to OpenAI’s current funding round will not approach $100 billion. When asked whether the deployment of the first gigawatt-scale project in the joint investment plan is on schedule, Huang said “it depends on OpenAI,” and “it’s their infrastructure.”