Nvidia will rise on DeepSeek boost for reasoning AI, Jensen Huang says

PALO ALTO, California -- Nvidia more than doubled revenue in 2024, but the emergence of cost-effective DeepSeek AI has raised questions around the billions of dollars poured into data centers and other AI computing infrastructure that drove the U.S. chip giant's sales.

Nvidia CEO Jensen Huang, however, does not see Chinese startup DeepSeek as a threat, but rather something that will boost demand for Nvidia's most advanced AI chip, Blackwell.