WEBVTT

00:00:00.640 --> 00:00:03.757
And I'm just going to piggyback off
of that conversation, Brian. We're talking

00:00:03.840 --> 00:00:07.437
about AI and an important collaboration
between Palunteer and Nvidia, the fact

00:00:07.520 --> 00:00:09.597
that they're joining forces not to just

00:00:09.680 --> 00:00:15.117
analyze data, but actually to uh uh
provide business decisions. And I I just

00:00:15.200 --> 00:00:18.637
Alex, I'm actually going to start
with you uh the CEO of Palunteer just to

00:00:18.720 --> 00:00:22.637
explain does that mean no human
intervention? Can you just explain how

00:00:22.720 --> 00:00:26.317
this would work and use Lowe's
as an example? Well, first of all, I'm

00:00:26.400 --> 00:00:30.877
delighted to be on the stage with uh
what many people I believe to be one of

00:00:30.960 --> 00:00:33.037
the great entrepreneurs of of my

00:00:33.120 --> 00:00:36.317
lifetime and a patriot. Um and it means

00:00:36.400 --> 00:00:39.917
a lot to me to be here. Um uh so we we

00:00:40.000 --> 00:00:43.757
have a product called Ontology. You
could think of it as uh a essentially a

00:00:43.840 --> 00:00:46.717
digital representative of your
enterprise including security model

00:00:46.800 --> 00:00:50.317
which essentially takes the disabilities
that have large language models and

00:00:50.400 --> 00:00:53.997
allows you to move decision-m to the
front line with people without people

00:00:54.080 --> 00:00:58.077
depending on how you're doing it um
in the context of loaves and and other

00:00:58.160 --> 00:01:02.397
enterprises allows you to essentially
automate decision- making like how would

00:01:02.480 --> 00:01:05.917
your supply chain work how would it
work if it changed uh how do you get the

00:01:06.000 --> 00:01:09.517
cheapest good to the right place given
that there may be disruption but in

00:01:09.600 --> 00:01:12.877
general what's very very special I
believe about our our partnership is

00:01:12.960 --> 00:01:16.957
we're going to be able to move 2x and I
think in the future even faster. So you

00:01:17.040 --> 00:01:20.477
get a much much faster and actually
because you can control it in a more

00:01:20.560 --> 00:01:24.477
granular way much faster much cheaper
and then the macro thing that I'm

00:01:24.560 --> 00:01:27.517
actually most excited about which
for our country is because of that you can

00:01:27.600 --> 00:01:31.677
do manufacturing in America you can make
the workers stronger and better and you

00:01:31.760 --> 00:01:35.277
have more competition because you can
use openw weight models open source

00:01:35.360 --> 00:01:39.037
models you can use you can use any
hyperscaler you can decide not to use a

00:01:39.120 --> 00:01:43.437
hyperscaler this is much much better
for America much better for workers much

00:01:43.520 --> 00:01:47.357
better for industry it's cheaper it's
faster And obviously they have one of

00:01:47.440 --> 00:01:50.717
the world's top tech teams
and we work very well with them.

00:01:50.800 --> 00:01:54.157
>> So Jensen just in in regards to that
collaboration then who would actually be

00:01:54.240 --> 00:01:57.597
procuring the hardware? Is this like
a company like Lowe's? Do they have to put

00:01:57.680 --> 00:02:01.757
the upfront cost uh you know with their
existing GPUs and then working with

00:02:01.840 --> 00:02:03.997
Palunteer? Is that how it works or

00:02:04.080 --> 00:02:06.477
>> First of all,
it's amazing to think that

00:02:06.560 --> 00:02:09.037
the Palunteer ontology platform has

00:02:09.120 --> 00:02:12.397
achieved all of this and they're the

00:02:12.480 --> 00:02:14.317
fastest enterprise growing platform in

00:02:14.400 --> 00:02:17.597
the world. um uh in a lot of ways it

00:02:17.680 --> 00:02:21.997
gives enterprises what we all want which
is intelligence and and the ability to

00:02:22.080 --> 00:02:26.157
make good decisions fast and and now
we're going to supercharge it with

00:02:26.240 --> 00:02:29.757
Nvidia's accelerated computing
for the first time and so uh Nvidia's CUDA

00:02:29.840 --> 00:02:32.717
accelerated computing is going to get
integrated we're going to be able to put

00:02:32.800 --> 00:02:37.517
uh Nvidia's AI libraries on top of that
and open source model that that we're

00:02:37.600 --> 00:02:41.917
working on together in into the ontology
platform and you'll run it in the cloud

00:02:42.000 --> 00:02:46.477
any cloud or you run it on prem or even
a private cloud and so as you know

00:02:46.560 --> 00:02:50.397
Nvidia runs everywhere and so you could
buy a server from HP or Dell uh you

00:02:50.480 --> 00:02:53.597
could be in another country and you want
to set up your own private cloud we got

00:02:53.680 --> 00:02:57.357
no trouble with that and and so it
doesn't matter we run everywhere and

00:02:57.440 --> 00:02:59.837
Palunteer runs everywhere >>
but you're talking about the future then

00:02:59.920 --> 00:03:02.637
so this isn't something that would be
accretive to revenues just in the near

00:03:02.720 --> 00:03:05.597
term you're still working it out and like
I know Lowe's is an example but are

00:03:05.680 --> 00:03:08.477
there other customers >> well
at Palunteer we just do what's best

00:03:08.560 --> 00:03:11.997
for our customers we work downstream
for value creation so what we believe we

00:03:12.080 --> 00:03:16.077
know when it's faster better more
accurate and more flexible and uh

00:03:16.160 --> 00:03:19.117
creates a better future for them because
they can choose how they want to run

00:03:19.200 --> 00:03:21.197
their applications. We'll do very well.

00:03:21.280 --> 00:03:25.277
And at Poundier, we we're doing very
well on revenue and profit and we're you

00:03:25.360 --> 00:03:28.797
know that's not actually our primary
motivation now. And the reason we've

00:03:28.880 --> 00:03:33.117
done so well on profit and on growth
is because you just have to create value.

00:03:33.200 --> 00:03:35.197
this creates more value
for the end user be

00:03:35.280 --> 00:03:38.797
>> and but you just said before too that
the human may not even be involved with

00:03:38.880 --> 00:03:42.557
some of these decisions and I guess that
is a major concern in this day and age

00:03:42.640 --> 00:03:47.677
that uh AI efficiencies could take
away from or displace the job force. So

00:03:47.760 --> 00:03:49.757
>> couldn't something like
this collaboration do that?

00:03:49.840 --> 00:03:53.917
>> Uh you know it's interesting when you
say humans don't have to be in the loop

00:03:54.000 --> 00:03:56.797
that doesn't inherently mean there
aren't cases where humans need to be in

00:03:56.880 --> 00:03:58.877
the loop. Example, 40 years ago we had

00:03:58.960 --> 00:04:01.997
40x that we had 40 we 40 with 40x more

00:04:02.080 --> 00:04:04.077
manufacturing jobs than we have now. So

00:04:04.160 --> 00:04:07.037
it's like you can make more

00:04:07.120 --> 00:04:11.437
manufacturing jobs which are humans
workingass humans. You can build things

00:04:11.520 --> 00:04:14.797
you couldn't build in the past and those
humans become more and more valuable

00:04:14.880 --> 00:04:18.157
than they were in the past.
In the defense context you have situations

00:04:18.240 --> 00:04:19.597
where humans have to be in the loop.

00:04:19.680 --> 00:04:23.757
Offense situations where humans
shouldn't be in the loop like defense.

00:04:23.840 --> 00:04:28.077
Our collaboration makes all those
use cases better for workers, for

00:04:28.160 --> 00:04:30.237
manufacturing, for defense, for offense,

00:04:30.320 --> 00:04:35.277
and in general because it allows people
to use any kind of model, any kind of

00:04:35.360 --> 00:04:39.917
compute structure, it makes America
stronger and better. Whenever a business

00:04:40.000 --> 00:04:43.357
is more productive, whenever they can
move faster, their business grows, they

00:04:43.440 --> 00:04:45.437
hire more people. And so, so I think

00:04:45.520 --> 00:04:49.197
this this idea that that AI uh is going

00:04:49.280 --> 00:04:53.677
to take jobs is going to change
everyone's job. That's for sure. But I

00:04:53.760 --> 00:04:56.397
think it's going to make companies more
productive. We're more productive today

00:04:56.480 --> 00:04:57.917
because of AI and we're
hiring more people.

00:04:58.000 --> 00:05:00.877
>> I know. And we saw some leaders
of smaller companies, startups that have

00:05:00.960 --> 00:05:04.237
been around for just three years,
valuations of $39 billion, 400

00:05:04.320 --> 00:05:08.637
employees, and clearly that is a
beneficiary of uh using AI. But I wonder

00:05:08.720 --> 00:05:13.117
with your proximity to the White House
right now, you you're here quite often.

00:05:13.200 --> 00:05:16.077
Is that a concern that you're hearing
from them? Like what about the workers?

00:05:16.160 --> 00:05:19.357
We have to make sure that we're not
displacing them. And is there anything

00:05:19.440 --> 00:05:22.797
that you guys are Nvidia in particular
is doing with the White House?

00:05:22.880 --> 00:05:25.677
>> Look, look at what President Trump is
doing. The first thing he my first phone

00:05:25.760 --> 00:05:30.077
call, my first meeting with him,
it's manufacturing in America. Move

00:05:30.160 --> 00:05:33.997
manufacturing back to United States.
It creates tons of jobs. If we could if we

00:05:34.080 --> 00:05:37.357
could move manufacturing the core
technology, we have better security,

00:05:37.440 --> 00:05:40.957
national security, we have create more
jobs. Second, because we're talking

00:05:41.040 --> 00:05:43.437
about the AI

00:05:43.520 --> 00:05:48.157
industrial revolution, all of these AI
factories creates a ton of jobs. And so

00:05:48.240 --> 00:05:52.477
we're we're really he's really in the job
creation mode bringing manufacturing

00:05:52.560 --> 00:05:57.677
back to United States and >>
AI is is is exceedingly good for

00:05:57.760 --> 00:06:00.797
workingclass workers. Now you could
argue is it good for consultants and

00:06:00.880 --> 00:06:03.997
people that that's a very different
debate but you're going to see

00:06:04.080 --> 00:06:07.917
remanufacturing. How would you build
a culturally specific enterprise like we

00:06:08.000 --> 00:06:11.997
power Panasonic batteries? It's like
you are you're building something that

00:06:12.080 --> 00:06:15.277
otherwise would have had to be built
in Japan. Now you can build it in America.

00:06:15.360 --> 00:06:18.717
You can have train the workers so that
they can behave like Japanese engineers.

00:06:18.800 --> 00:06:22.557
That's all AI augumentation. And by the
way, the workers are more valuable and

00:06:22.640 --> 00:06:24.717
just like us, they get paid more
because they're more valuable.

00:06:24.800 --> 00:06:26.557
>> Everybody knows how
to use an AI because

00:06:26.640 --> 00:06:29.037
AI is smart. And so AI is the first

00:06:29.120 --> 00:06:33.837
technology that has closed the technology
divide. Everybody who didn't

00:06:33.920 --> 00:06:37.037
know how to program computers in the past,
they know exactly how to program a

00:06:37.120 --> 00:06:41.357
computer now. It's called AI.
>> But for the workforce in general trying

00:06:41.440 --> 00:06:43.037
to learn all of that, it does take time.

00:06:43.120 --> 00:06:46.477
So do you think that maybe we're
overestimating the benefits of this AI

00:06:46.560 --> 00:06:50.957
buildout in the near term which is reflect
sorry here. So I'm going to push

00:06:51.040 --> 00:06:55.437
back on this narrative. It's not first
of all AI makes America the dominant

00:06:55.520 --> 00:06:57.917
country in the world. So just start there.
Every other country in the world

00:06:58.000 --> 00:06:59.437
like I spent half my life in Europe.

00:06:59.520 --> 00:07:03.277
They're whining and crying and it it's
like we have the right chips. We have

00:07:03.360 --> 00:07:06.237
the right software. We have the right
engineers. We have the right culture. We

00:07:06.320 --> 00:07:07.997
have the right people.
>> The risk appetite too.

00:07:08.080 --> 00:07:11.997
>> Risk appetite. Right people to ask
questions. uh the whole thing is

00:07:12.080 --> 00:07:15.437
combining to become a juggernaut
and then and and then and like then you

00:07:15.520 --> 00:07:18.237
these these these partnerships happen
and that just throws gasoline on the

00:07:18.320 --> 00:07:21.117
fire. The classic, the real question is

00:07:21.200 --> 00:07:23.517
will the GDP growth acrew to all

00:07:23.600 --> 00:07:26.797
Americans or just wealthy Americans? And

00:07:26.880 --> 00:07:31.197
the answer to that is it depends what
you do. But I deeply believe I think we

00:07:31.280 --> 00:07:34.077
deeply believe >> well no
manufacturing jobs can you build

00:07:34.160 --> 00:07:37.917
if you build manufacturing jobs which is
what this president wants to do. Can you

00:07:38.000 --> 00:07:39.277
build them? Yes. How do you build them?

00:07:39.360 --> 00:07:41.357
You need AI. Can you train the people?

00:07:41.440 --> 00:07:44.477
Can you upscale them? Yes. If you use
>> mechanicals, electricals, and plumbers

00:07:44.560 --> 00:07:46.957
and construction >> and that I
know the red tape, you've

00:07:47.040 --> 00:07:50.557
discussed it, but nuclear reactors,
>> the number one thing of this

00:07:50.640 --> 00:07:55.357
administration is pro power growth. Look
at all the power generations that he's

00:07:55.440 --> 00:07:59.517
approved. Look at all the DOE land and
energy he they've approved. I mean, this

00:07:59.600 --> 00:08:03.357
is really about this is a pro-energy
growth administration, pro-

00:08:03.440 --> 00:08:05.757
manufacturing administration, and

00:08:05.840 --> 00:08:10.797
President Trump is pro jobs.
When these things all come together,

00:08:10.880 --> 00:08:12.637
>> yeah, it's going
to be said make America

00:08:12.720 --> 00:08:15.277
great again at the that's the first time
I've heard you say to that at the end of

00:08:15.360 --> 00:08:18.477
a speech for GTC. >> Well,
I was thanking everybody in the

00:08:18.560 --> 00:08:21.757
room. I mean, you know, look, >>
but was that also a communication to the

00:08:21.840 --> 00:08:23.837
president because you were
expecting him here, right?

00:08:23.920 --> 00:08:25.677
>> Uh, no. He's he's in Asia. I'm sorry.

00:08:25.760 --> 00:08:26.957
>> I know, but I thought
you had [laughter]

00:08:27.040 --> 00:08:29.197
said on earlier panel
that you were expecting

00:08:29.280 --> 00:08:32.877
>> Well, I just I I think we're we're
making America great again. I I think um

00:08:32.960 --> 00:08:35.117
uh all of the all of his policies

00:08:35.200 --> 00:08:38.157
relating to energy and manufacturing and

00:08:38.240 --> 00:08:40.957
um all of his all of his uh enthusiasm

00:08:41.040 --> 00:08:45.437
behind uh artificial intelligence
and making sure that that American AI

00:08:45.520 --> 00:08:50.557
technology is the standard of the world
that it's m it's is diffused um

00:08:50.640 --> 00:08:54.157
maximally and making sure that the rest
of the world has the benefit of American

00:08:54.240 --> 00:08:57.277
technology so they can build on top of it.
All of that is fantastic.

00:08:57.360 --> 00:09:00.317
>> And Alex, do you feel like uh any
outcomes for the end of this week? I

00:09:00.400 --> 00:09:04.717
know I know you're heading, you know,
to Asia right after this. Do you feel like

00:09:04.800 --> 00:09:07.597
there could be a more positive outcome
from the trade talks because it seems

00:09:07.680 --> 00:09:11.117
like the market's perceiving that all
of the CEOs I've spoken to at this event

00:09:11.200 --> 00:09:14.477
too are very very bullish that uh there
might be some good news. So maybe you

00:09:14.560 --> 00:09:16.557
guys both know something that
we don't that you could share

00:09:16.640 --> 00:09:18.717
>> and we're going to tell you right now.

00:09:18.800 --> 00:09:20.637
um look that I I look I don't want to

00:09:20.720 --> 00:09:23.437
just make this about our partnership but

00:09:23.520 --> 00:09:28.317
it like if you already have a dominant
position a profitable position a

00:09:28.400 --> 00:09:33.037
position that is growing in both cases
in in a kind of way that is not what

00:09:33.120 --> 00:09:36.957
people have seen in the past and you
somehow create more value for your

00:09:37.040 --> 00:09:40.877
customers that is incredible
for our customers it's incredible for our

00:09:40.960 --> 00:09:43.597
country and it's not so bad for us

00:09:43.680 --> 00:09:45.997
>> and Palanteer on Palunteer is the most

00:09:46.080 --> 00:09:50.717
technically deep enterprise platform
form company in the world and this

00:09:50.800 --> 00:09:52.637
collaboration is just
going to supercharge that

00:09:52.720 --> 00:09:55.597
>> and I I will end it but I just want
I did ask about China so is there any way

00:09:55.680 --> 00:09:59.117
that is do you believe that you're going
to be getting grants for licenses or

00:09:59.200 --> 00:10:02.237
>> well you know I think the the the
important the important thing to take

00:10:02.320 --> 00:10:06.477
away is that that we need to win
developers all over the world and there

00:10:06.560 --> 00:10:10.237
are so many open source developers
in China I think it's a it's a mistake not

00:10:10.320 --> 00:10:13.757
to have them build on American tech
so that's number one number two we all

00:10:13.840 --> 00:10:18.317
agree um that that we want America
to win the only questions what's our

00:10:18.400 --> 00:10:20.557
strategy in doing so? And and one of one

00:10:20.640 --> 00:10:22.877
of the best frameworks that I I uh I've

00:10:22.960 --> 00:10:25.917
heard uh is is David Saxs talking about

00:10:26.000 --> 00:10:30.397
imagine five years from now where do
we want suppose American technology was

00:10:30.480 --> 00:10:33.517
around the world where where do we want
American technology market share to be

00:10:33.600 --> 00:10:35.037
do you want it to be 80% or you want it

00:10:35.120 --> 00:10:38.237
to be 20%. And and he believes and I as

00:10:38.320 --> 00:10:42.317
I believe that that um uh we want
the world to be built on American tech

00:10:42.400 --> 00:10:46.237
standards. We want the same thing
that happened in the in the good old days

00:10:46.320 --> 00:10:49.677
when when we first started wireless
technology and it's no longer built on

00:10:49.760 --> 00:10:53.917
American standards and we really want
to go back to those days and AI is ours to

00:10:54.000 --> 00:10:58.237
lose just as Alex was talking about
earlier. We have the chips, we have the

00:10:58.320 --> 00:11:01.997
infrastructure, we have the technology,
we have the models, we have the people.

00:11:02.080 --> 00:11:06.797
This is ours and we have and we will
have the power. This is ours to lose and

00:11:06.880 --> 00:11:10.317
we just got to get on top of it and make
it happen. And you believe that that is

00:11:10.400 --> 00:11:13.997
going to happen, that the tides are
changing and the relationships with

00:11:14.080 --> 00:11:17.837
other countries are working out quite
well, including China. And so is that

00:11:17.920 --> 00:11:18.957
something that you're
telling me right now?

00:11:19.040 --> 00:11:22.717
>> That's only that's something that only
the president could solve. And and um if

00:11:22.800 --> 00:11:25.197
there's anybody who could solve it,
I'm I'm certain the president will be the

00:11:25.280 --> 00:11:27.677
one to do it. >> We're just
building technology. Yeah,

00:11:27.760 --> 00:11:31.437
>> we're building technology. We want to
be in the strongest position we can be in.

00:11:31.520 --> 00:11:36.237
And we will we're repped by a president
who seems to be extraordinarily good at

00:11:36.320 --> 00:11:39.757
figuring out to make deals. You saw the
peace treaty in the Middle East which I

00:11:39.840 --> 00:11:41.437
don't think anyone else could have done.

00:11:41.520 --> 00:11:45.277
Uh you've seen a number you saw in my
humble opinion you see what hap what his

00:11:45.360 --> 00:11:50.397
reactions abroad including his uh
sanctioning of our uh response to Iran.

00:11:50.480 --> 00:11:54.717
Uh and we're you know we're in the
factory building the best tools in the

00:11:54.800 --> 00:11:59.517
world and that should give everyone >>
and the important thing is is China is

00:11:59.600 --> 00:12:01.437
out of Nvidia's forecast.
if anything happens.

00:12:01.520 --> 00:12:02.397
>> Yeah, you said zero, right?

00:12:02.480 --> 00:12:06.557
>> At zero and if if the president pulls
pulls out a miracle and it'll just be a

00:12:06.640 --> 00:12:09.917
bonus for the country >> and a
bonus for a lot of investors who

00:12:10.000 --> 00:12:13.277
are very excited about how your share
price is both done. Both of you and I'd

00:12:13.360 --> 00:12:18.080
like to end on that positive note.
Uh thank you guys for for joining us