Chapter 1: What is the main topic discussed in this episode?
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So we did talk about AI there with Kate a little bit in a broader conversation. It is a very big theme for us on this Tuesday. This says we are seeing shares of Nokia ADR soaring on news today on the news that NVIDIA plans to make a $1 billion equity investment in Nokia.
It's an apparent vindication of the Finnish company's pivot from mobile networking kit into artificial intelligence by the sector's kingmaker. We've got all the details.
And NVIDIA CEO Jensen Wong, he's the co-founder, president, CEO of NVIDIA. He's sitting down right now with Justin Hotard, president and CEO of Nokia, along with Bloomberg Tech co-host Ed Ludlow. Take it away, Ed.
Thank you, team. Jensen, I'll start with you, if I may. I want to try and understand something you mentioned very briefly, which is the strategic importance of not just the equity stake, but the partnership on technology, and not just for NVIDIA, but for America. Why are you moving into this domain?
One, we announced a brand new platform for a new market we've never been in. And so that's number one. Number two, if we take advantage of this transition from general purpose computing to accelerated computing, from old types of software to AI, we can take advantage of this transition of AI and 6G for America to win back telecommunications again. It's been a long time since.
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Chapter 2: What is the significance of Nvidia's $1 billion investment in Nokia?
You've been in the role since April, but may I start by asking you what role the administration played in bringing you both together if this is indeed a strategic priority?
I don't think there was anything specific that the administration did other than they've created the environment to support innovation. I mean, Jensen's talked about manufacturing, but it's also about R&D and innovation and technology leadership.
And if you think about where this world is going and all those incredible devices that are going to be built on NVIDIA platforms, robotics, autonomous vehicles, augmented reality, virtual reality, We need a different kind of network in the future. And that's what we realized. And that's why we wanted to forge this partnership so that we're building a network leveraging AI for AI services.
And that's really the big change here.
And the technology is flowing both ways. I mean, what is it that you will be able to do with Nokia, Jensen, that you weren't able to do on your own?
Well, first of all, Nokia is in all of the world's base stations. And this air-scale platform of Nokia is in millions of base stations around the world. If our computers are not inside that base station, it doesn't help. It's no different than NVIDIA's tech computing platforms not inside a car. It doesn't help. And so the first thing is we need a partner to get us into the world's base stations.
We also, remember, we're bringing AI to radio networks, AI to RAM, so that we can make wireless communications a lot more efficient.
Second, we're bringing AI for the radio, meaning on top of these radio networks and these telecommunication networks, we're going to be able to provide AI services, which is going to be able to make it easier for us to do robotics and autonomous vehicles and industrial automation and reach all of the different places around the world. That's kind of hard to do with Wi-Fi.
cellular reads everything. And so we now have this fabric that we can deploy AI computing services on top of. It's going to be completely revolutionary.
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Chapter 3: How are Nvidia and Nokia planning to leverage AI in telecommunications?
And with this partnership, all of us, speaking of speed, we're in Blackwell today. It's going to go to Rubin. It's going to go to Feynman. And it's going to go on a clip that basically is at the speed of light.
I've got to ask you to clarify something, Jensen. You showed a slide behind you. $500 billion over what I think illustrated six financial quarters, but 20 million Blackwell.
Five financial quarters.
Five financial quarters. Does that figure include networking? We know it doesn't include China because it seemed to be technically above consensus, right? But you seem to be suggesting that there is near term actually an acceleration beyond what you were expecting.
All of that was only data center. Just data center. That's the amazing thing. All of that is only data center. Today, we announced several new platforms. The NVIDIA Drive Hyperion platform, our Arc platform, our Quantum platform. None of that is included in that half a trillion dollars.
No networking.
No networking whatsoever. Well, that's data center, so networking, NVIDIA networking for data centers, but not wireless networking, not wireless telecommunications.
When do we see a real-world manifestation of the work that you're both going to do together?
Yeah, there's work going already. You can see a demo actually at the booth here in GTC. You'll also see customer trials early next year. And then we think in full commercial production in 27. And the great thing about the partnership with Jensen is I know he'll be pushing me to go faster, and I'll be pushing his team to go faster.
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Chapter 4: What role does the U.S. administration play in the Nvidia-Nokia partnership?
And I don't know if you and the president will be at the same place at the same time. He seemed to think you would be. But the main point is, is that you're here in Washington, D.C. We're a few blocks from the White House. You called it the A.I. Super Bowl. Others called it that, too. But everyone is inferring from this that this was about all of the things we talked about all year.
that you want to be closely aligned with this administration, and while in Asia, that there is something that the president needs to work on in the context of China trade negotiations. Whether you get to meet him or not, what is it that you need the president to do for NVIDIA to accelerate on its plans?
We need the president to do what's right for America, and I'm certain he's going to go do that. The reason why we're here is because technology is now so important in politics and geopolitics. It is the single most important industry in America. It is our national treasure, and it's important for us to make sure that Washington, D.C.
and the policymakers and all of the people who serve our country to make it great understands the technology as it stands today and where we're going to go and the companies that matter to us so that we can make America great. And so that was the primary reason. Well, first of all, whenever there's an opportunity to see the president, I always love that. He's incredibly engaging.
He's always learning. And he wants to help America win. He wants America to win.
This is my final question. I was trying to interpret what you were saying. It was a detailed presentation, but you talked about how AI is now worth paying for. You talked about the end or not of Moore's law, depending on your point of view, but the need to scale to meet demand. Was that you saying we are not in an AI bubble?
I don't believe we're in an AI bubble. And the reason for that is we're going through a natural transition from an old computing model based on general purpose computing to accelerated computing. We also know that AI has now become good enough because of reasoning capability, research capabilities, its ability to think.
It's now generating tokens and now generating intelligence that's worth paying for to the point where I'm paying lots of it. Cursor is all over NVIDIA. Every single one of our engineers use it. We pay lots and lots of money for it and we're delighted to do it. And Cursor is just one of the applications. You know, what is it? 11, 11, 11 tech. I forget.
But anyways, all of these different AI models that we're using, we're using plenty of services and paying happily doing it.
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Chapter 5: How will this partnership impact the future of 6G technology?
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