On December 4th, NVIDIA CEO Jensen Huang was received by Japanese Prime Minister Fumio Kishida at the Prime Minister's Office. During their encounter, the Prime Minister implored NVIDIA to prioritize the Japanese market in its GPU offerings to support the nation's rapidly growing needs in generative artificial intelligence technologies. Jensen Huang communicated NVIDIA's commitment to supply the necessary image processing semiconductor, recognizing the high demand and the significance of these processors for AI development.
Expanding on the future of AI in Japan, Huang highlighted collaborative ventures NVIDIA will undertake with Japanese companies like SoftBank, Sakura Internet, NEC, and NTT. Stressing the importance of utilizing and refining AI data domestically, Huang backed the 'Hiroshima AI Process'—a local initiative launched in May aimed at carving out international AI rules.
As the leading force in the AI market with its graphics processing units central to the advancement of AI and GenAI systems, NVIDIA is set to play a vital role in the synergy between Japan's manufacturing prowess and GenAI, potentially transforming the nation into a robotics innovation hub. This partnership aligns with Japan's strategic injection of $13.6 billion into its semiconductor sector to enhance chip production capabilities, which include a commitment to the third factory of Taiwanese chipmaker TSMC in Japan, focusing on high-end AI chips.
Jensen Huang underscored the emergent need for nations to secure autonomy over their AI data and manufacturing, a move mirrored by Japan's fiscal dedication to its semiconductor industry, hoping to replicate the heightened AI deal activity witnessed in 2018. Looking forward, GlobalData's projection positions the AI market to reach a valuation of $383.3 billion by 2030, evidencing a substantial annual compound growth rate from the year 2022 to 2030.
