Former Google CEO Eric Schmidt said in a recent talk at Stanford that tech giants are planning for increasingly large investments into Nvidia-based AI data centers.
He made the remarks in a video this week, that was posted by Stanford but subsequently removed, on the topic of AI.for a decade, told Stanford students that, while he's not one to give investment advice, he sees an obvious play in the stock market that doesn't involve buying shares of his former employer.
Schmidt, who was CEO of Google from 2001 to 2011 and remained on the board until 2019, was addressing a class of undergraduates on the topic of AI. Hethe Wall Street Journal that he requested the video to be taken down because he had misspoken about Google's lax work culture in the session.But his candid remarks illustrate the driving force behind Nvidia's rise and the company's central place in the generative AI boom that began in late 2022.
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