How five top CEOs described the rise of AI in 2024

Throughout 2024, CNBC Jim Cramer discussed the seemingly limitless rise of artificial intelligence with dozens of CEOs from across the tech world. Here’s how five top business leaders characterized the meteoric rise of AI this year.

1. NVIDIA CEO Jensen Huang said the “AI computing ramp” is just beginning and will last for years.

   Huang in March painted a snapshot of the AI ​​landscape, saying that investments in the new technology are still in the early stages. He predicted years of growth ahead and suggested that AI can drive innovation in a variety of fields, including science and healthcare.

   Nvidia is a titan of the AI ​​revolution, designing and selling advanced technology essential to technology. The company is the leading supplier of GPUs, which are used to develop and deploy new AI software such as OpenAI’s ChatGPT. In general, big tech companies are clamoring for Nvidia products, and their customers include Goal, tesla, microsoft and Amazon disbursing billions. Nvidia stock is currently up more than 176% so far this year and at times this year surpassed Apple to become the most valuable company on the market.

2. Strike crowd CEO George Kurtz said cybercriminals are leveling up: “It will be the AI ​​battle of the future.”

   Kurtz in February described how his cybersecurity company is fighting cybercrime that is “more active than ever,” as the ranks of hackers grow and become more advanced with new artificial intelligence technology in their arsenals. He said generative AI is democratizing “very esoteric techniques and attacks,” so less-skilled cybercriminals can still carry out advanced attacks.

   “What we talked about on the earnings call is the ability to create more adversaries with lower skill levels, but operating at a much higher skill level, leveraging generative AI,” Kurtz said, “Of course, in the security side, we leverage generative AI.” “AI will help protect our customers, so it will be the battle of AI in the future.”

3. Snowflake CEO Sridhar Ramaswamy said generative AI will keep him “busy for many years to come.”

   Ramaswamy took the reins at Snowflake in February and described how the data analytics software maker plans to use new artificial intelligence technology.

   “We have a lot of ambition to do more, whether it’s applications running on top of Snowflake or, of course, using the power of generative AI, which I’ve been focusing on for the past year, to democratize access to enterprise data. so that even more people can access data quickly and get value from it,” Ramaswamy said. “That’s why I think there is a huge opportunity in the world of data applications and AI that will keep me busy for many years.”

   Snowflake has collaborated with Nvidia and, in May, Ramaswamy bothered a new project with the beloved AI. According to him, Snowflake’s product portfolio, “especially in AI, has been in overdrive.”

4. amd CEO Lisa Su described the competition with Nvidia: “There is no one-size-fits-all solution in computing.”

   Although Nvidia leads the pack in the hot semiconductor design industry, competition is tough, with companies like AMD and Intel competing for customers who are willing to pay a lot of money. But in September, when asked about competition with Nvidia, Su suggested There is room for more than one major player in the sector. According to her, the “tech ecosystem” works well when there is competition and partnership, and customers want to be able to choose between several solid options.

   “The way to think about it is that there is no one-size-fits-all solution in computing,” Su said. “You know, there’s no one architecture. In reality, you’re going to need the right compute for each application.”

   Su said he believes “AI will impact everyone’s lives” and that the world is just beginning to realize what the new technology can do. He also said people should not be impatient about the impact of AI because “technology trends should develop over years, not months.”

5. generation CEO Aaron Jagdfeld said the pressure on the power grid is “only going to get worse” due to climate and technology.

   hunting money warned That pressure on the power grid will only increase as demand for data centers and other AI-related technologies continues to grow. 40% of the generator’s business comes from commercial and industrial products, he said, as support for manufacturing plants, distribution centers, hospitals and data centers.

   “This has become a hugely critical point of discussion,” Jagdfeld said. “This is only going to get worse.”

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Disclaimer CNBC Investing Club Charitable Trust owns shares of Nvidia, AMD and CrowdStrike.