Jensen Huang | Does AI Revenue Justify Capex, '27 AI Bottlenecks, Singularity, Open vs Closed & more

Superintelligence represents a fundamental re-architecture of global compute, driven by the shift from simple generative models to agentic systems capable of step-by-step reasoning and tool use. This transition necessitates a massive, multi-trillion-dollar infrastructure build-out, as the end of Moore’s Law forces a reliance on scale for performance gains. NVIDIA is central to this evolution, transitioning from a hardware provider to a full-stack infrastructure company that integrates safety and security directly into the engineering process. Rather than viewing AI as a threat, the focus remains on leveraging this technology to solve complex physical-world problems, from drug discovery to robotics. A robust, three-legged US security framework ensures that these advancements remain aligned with human interests, while the insatiable demand for intelligence across every industry guarantees that the compute build-out will continue to serve as the primary engine for global economic productivity.