Former Google CEO Eric Schmidt Highlights Nvidia As Major AI Player In Now Deleted Video: 'That's Not A Stock Recommendation'

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What Happened: Schmidt, who led Google from 2001 to 2011, noted that large tech companies are planning substantial investments in Nvidia-based AI data centers, potentially costing up to $300 billion.“I’m talking to the big companies, and the big companies are telling me they need $20 billion, $50 billion, $100 billion — very very hard,” Schmidt said, adding that a significant portion of this spending was going to Nvidia.

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Schmidt went on to suggest that Nvidia is currently leading the market.“If $300 billion is all going to Nvidia, you know ...

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Author / Journalist: Ananya Gairola

Category: Technology

Markets: United States

Topics: Benzinga neuro Stories That Matter NVDA News US67066G1040 Artificial intelligence Markets Tech Eric Schmidt Benzinga Consumer Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 01:53:32 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 386 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22092354

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