NVIDIA CorporationCEO Huang touted cybersecurity as AI's next major use case, reinforcing the AI growth narrative for Nvidia.

Nvidia Corp. co-founder and Chief Executive Officer Jensen Huang said cybersecurity will be the next major use case for artificial intelligence, speaking at the Goldman Sachs Group Inc. technology conference in San Francisco on Thursday. Huang told the audience that advances in AI are set to disrupt the cybersecurity industry, which focuses on defending computer systems, because AI automation of computer programming speeds up both the exploitation of code and the need to fix it. His remarks followed Nvidia's long-term forecast last month, which strengthened Wall Street's view that spending on AI data centers will continue. Last week, Nvidia announced plans to acquire startup Hugging Face Inc. for approximately $13 billion, expanding the chipmaker's presence in additional areas of the AI business. Addressing concerns that some of the company's deals might be circular, Huang said, "It's not circular because we put a little bit of money in and a lot of money comes back," adding that he requires a "sure thing" before committing company funds and that potential investment targets must already have customers lined up.
NVIDIA CorporationCEO Huang touted cybersecurity as AI's next major use case, reinforcing the AI growth narrative for Nvidia.
Goldman Sachs Group IncHugging Face is the startup being acquired by Nvidia for approximately $13 billion.