WEBVTT - Nvidia and Nokia CEOs Talk New Partnership and Future of AI

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>So we did talk about AI there with Kate a

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<v Speaker 2>little bit in a broader conversation. It is a very

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<v Speaker 2>big theme for us on this Tuesday. This says we

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<v Speaker 2>are seeing shares of Nokia ADR soaring our news today

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<v Speaker 2>on the news that Nvidia plans to make a one

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<v Speaker 2>billion dollar equity investment in Nokia. It's an apparent vindication

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<v Speaker 2>of the finished company's pivot from mobile networking kit into

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<v Speaker 2>artificial intelligence by the sector's kingmaker. We've got all the details.

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<v Speaker 1>And in Vidio and Video CEO Jensen Wong, he's the

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<v Speaker 1>co founder, president CEO of Nvidia. He's sitting down right

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<v Speaker 1>now with Justin Hothard, President and CEO of Nokia, along

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<v Speaker 1>with Bloomberg Tech co host ed Ludlow Take it Away, Ed.

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<v Speaker 3>Wow, fantastic, Thank you team, Jensen. I'll start with you

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<v Speaker 3>if I may. I want to try and understand something

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<v Speaker 3>you mentioned very briefly, which is the strategic importance of

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<v Speaker 3>not just the equity state partnership on technology, and not

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<v Speaker 3>just for Nvidia, but for America. Why are you moving

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<v Speaker 3>into this domain?

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<v Speaker 4>One?

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<v Speaker 5>We announced a brand new platform for a new market.

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<v Speaker 5>We've never been in and so that's number one. Number two,

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<v Speaker 5>if we take advantage of this transition from general purpose

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<v Speaker 5>computing to accelerated computing, from old types of all types

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<v Speaker 5>of software to AI, we can take advantage of this

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<v Speaker 5>transition of AI and six G for America to win

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<v Speaker 5>back telecommunications again. It's been a long time since the

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<v Speaker 5>American telecommunication network has been built on American technology.

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<v Speaker 4>Way national security, I believe for.

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<v Speaker 5>National security reasons, for economic reasons, our industry should be

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<v Speaker 5>built on American technology. And for the very first time,

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<v Speaker 5>we can do that. We have a brand new product

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<v Speaker 5>line that takes advantage of computing, accelerated computing and AI,

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<v Speaker 5>and we have a great partner to help us deal

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<v Speaker 5>it with Nokia.

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<v Speaker 3>The market reaction kind of speaks for itself. There was

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<v Speaker 3>a time where Nokia was already looking to America. You've

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<v Speaker 3>been in the role since April, But may I stop

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<v Speaker 3>asking you what role the administration played in bringing you

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<v Speaker 3>both together? If this is indeed a strategic priority, I.

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<v Speaker 6>Don't think there was anything specific that the administration did

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<v Speaker 6>other than they've created the environment to support innovation. I mean,

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<v Speaker 6>Jensen's talked about manufacturing, but it's also about R and

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<v Speaker 6>D and innovation and technology leadership. And if you think

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<v Speaker 6>about where this world is going and all those incredible

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<v Speaker 6>devices are going to be built on in video platforms, robotics,

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<v Speaker 6>autonomous vehicles, augmented reality, virtual reality, we need a different

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<v Speaker 6>kind of network in the future. And that's what we realized,

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<v Speaker 6>and that's why we wanted to forge this partnership so

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<v Speaker 6>that we're building a network leveraging AI for AI services

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<v Speaker 6>and that's really the big change here.

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<v Speaker 4>The technology is flowing both ways.

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<v Speaker 3>I mean, what is it that you will be able

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<v Speaker 3>to do with Nokia Jensen un't able to do on

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<v Speaker 3>your own.

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<v Speaker 5>Well, first of all, Nokia is in all of the

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<v Speaker 5>world's base stations, and this air scale platform of Nokia's

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<v Speaker 5>millions of base stations around the world. If our computers

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<v Speaker 5>are not inside that base station doesn't help. It's no

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<v Speaker 5>different than in videos tech computing platforms not inside a car,

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<v Speaker 5>it doesn't help. And so the first thing is we

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<v Speaker 5>need a partner to get us into the world's base stations.

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<v Speaker 5>We also remember we're bringing AI to radio networks, AI

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<v Speaker 5>to RAM so that we can make wireless tech communications

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<v Speaker 5>a lot more efficient. Second, we're bringing AI for the radio,

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<v Speaker 5>meaning on top of these radio networks and these telecommunication

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<v Speaker 5>network we're going to be able to provide AI services,

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<v Speaker 5>which is going to be able to make it easier

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<v Speaker 5>for us to do robotics and autonomous vehicles and industrial

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<v Speaker 5>automation and reach all of the different places around the world.

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<v Speaker 5>That's kind of hard to deal with Wi Fi, cellular reads, everything,

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<v Speaker 5>and so we now have this fabric that we can

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<v Speaker 5>deploy AI computing services on top of it. It's going

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<v Speaker 5>to be completely revolutionary in.

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<v Speaker 3>Your world and in your market. Huawei is an influential player,

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<v Speaker 3>not just in Europe. I think also about the Middle

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<v Speaker 3>East and Africa. How important is the relationship with Nvidia

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<v Speaker 3>to be able to counter, you know, what Huawei does

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<v Speaker 3>in those markets.

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<v Speaker 6>Yeah. Look, I think for us, one of the principles

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<v Speaker 6>I've had with my team since coming in has been

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<v Speaker 6>do what we can do that no one else can do,

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<v Speaker 6>and that is air scale what we do with any

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<v Speaker 6>RAND software, the software that runs on it that we're

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<v Speaker 6>going to be putting on on the Nvidia ARC platform,

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<v Speaker 6>that do what we can do well and partner with

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<v Speaker 6>the best everywhere else. And this is a this is

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<v Speaker 6>a clear opportunity to partner with the best, and by

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<v Speaker 6>the way, that's where America and the Western world succeeds

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<v Speaker 6>because we don't necessarily have one company doing everything like Huawei.

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<v Speaker 6>We succeed because we partner aggressively. And you if you

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<v Speaker 6>watch GTT today, it was hard to not find it

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<v Speaker 6>obvious that you're partnering with everybody. But that's the advantage

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<v Speaker 6>is this partnership. So we do what we do best,

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<v Speaker 6>we let in Video do what they do best, and

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<v Speaker 6>ultimately our customers win, and ultimately for America. I think

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<v Speaker 6>America will win because there'll be more innovation faster.

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<v Speaker 5>Nobody knows telecommunity locations better than Nokia. They've been at

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<v Speaker 5>it for a long time. They're all over the world.

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<v Speaker 5>And between our two partnerships, we know how wireless total communications.

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<v Speaker 5>We have AI, and we have accelerated computing all in

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<v Speaker 5>this partnership, and so all of that capability is going

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<v Speaker 5>to be brought to bear for the next generation of

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<v Speaker 5>six G and I think that's a this is a

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<v Speaker 5>this is the capabilities we bring together, and this partnership

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<v Speaker 5>is quite unique and informatible, inform formidable.

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<v Speaker 3>Why was it important Jensen that Nvidia ends up with

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<v Speaker 3>almost three percent of Nokia.

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<v Speaker 4>What was the rationale behind that?

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<v Speaker 5>The work that we're doing is so intensive and quite frankly,

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<v Speaker 5>I was so optimistic about it and so excited about it,

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<v Speaker 5>and that we wanted to invest in Nokia so that

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<v Speaker 5>we could be part, you know, of this incredible success

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<v Speaker 5>that we're creating together. And I got to tell you

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<v Speaker 5>that that move was pretty genius.

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<v Speaker 3>Once you say, that's not for me to come correct,

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<v Speaker 3>what I'd observe is, you know, twenty five percent jump

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<v Speaker 3>in the ADRs, what does that signal to you? You know?

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<v Speaker 3>In video with respect Gensen, I've known to be about speed.

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<v Speaker 3>Is that giving you a technology that you wouldn't otherwise have?

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<v Speaker 3>Or and have you now a way of just moving faster?

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<v Speaker 6>Yeah? It's both. I mean there's obviously you know, there's

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<v Speaker 6>no way we're going to have in videos technology and

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<v Speaker 6>accelerated computing. I mean, the Kuda software stack, all of

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<v Speaker 6>the capabilities, even the fundamentals of what's in area. The

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<v Speaker 6>software stack that in video is built is an accelerator

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<v Speaker 6>for us. And then it's about speed because now we

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<v Speaker 6>can innovate much faster. And for us, it's that shift

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<v Speaker 6>into adding value in software and thinking more like a

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<v Speaker 6>software company, or really not like a software company, like

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<v Speaker 6>an application company that's going to use AI and AI

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<v Speaker 6>models to continue to innovate and move faster. And I

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<v Speaker 6>think the market recognizes that this is the kind of

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<v Speaker 6>innovation that this industry is needed. Look, this industry has

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<v Speaker 6>a history. Three G. We were building better voice networks

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<v Speaker 6>when the Internet was getting started. Four G, five G

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<v Speaker 6>we were building data networks behind where the market was.

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<v Speaker 6>And today five G when you look at it globally,

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<v Speaker 6>is still only partially deployed. So as you look ahead,

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<v Speaker 6>in order to innovate, got to move much faster, and

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<v Speaker 6>we need to enable our customers to have different and

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<v Speaker 6>better technology.

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<v Speaker 5>And with this partnership, all of a sudden, speaking of speed,

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<v Speaker 5>we're in Blackwell today. It's going to go to Reuben,

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<v Speaker 5>it's going to go Findman, and it's going to go

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<v Speaker 5>on a clip that basically is at the speed of light.

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<v Speaker 4>And I'm going to ask you to clarify something. Jensen.

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<v Speaker 4>You showed a slide.

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<v Speaker 3>Behind you five hundred billion dollars over what I think

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<v Speaker 3>illustrated six financial quarters, but twenty million Blackwell five financial quarters,

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<v Speaker 3>five financial quarters does that figure include networking. We know

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<v Speaker 3>it doesn't include China because it seemed to be technically

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<v Speaker 3>above consensus, right, But you seem to be suggesting that

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<v Speaker 3>there is near term actually an acceleration beyond what you

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<v Speaker 3>were expecting.

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<v Speaker 5>All of that was only data center, justin That's the

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<v Speaker 5>amazing thing. All of that is only data center. Today

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<v Speaker 5>we are now several new platforms, the Nvidia Drive Hyperium platform,

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<v Speaker 5>our Arc platform, our Quantum platform. None of that is

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<v Speaker 5>included in that half a trillion dollars. No networking, no

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<v Speaker 5>networking whatsoever. Well, that's data centers networking and Vida networking

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<v Speaker 5>for data centers, but not wireless networking, not wireless telecommunications.

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<v Speaker 3>When do we see a real world manifestation of the

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<v Speaker 3>work that you're both getting to do together.

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<v Speaker 6>Yeah, there's there's work going already. You can see a

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<v Speaker 6>demo actually at the booth here in GtC. You can.

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<v Speaker 6>You'll also see customer trials early next year, and then

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<v Speaker 6>we think in full commercial production in twenty seven. And

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<v Speaker 6>you know the great thing about the partnership with Jensen

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<v Speaker 6>is I know he'll be pushing me to go faster,

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<v Speaker 6>which and I'll be pushing his team to go faster

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<v Speaker 6>and together that means that we can get to market

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<v Speaker 6>as soon as as soon as practical for our customer.

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<v Speaker 5>ARC is backwards compatible with air Scale, right, and all

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<v Speaker 5>of those millions of base stations could be upgraded to

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<v Speaker 5>six G and AI.

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<v Speaker 3>On six G though right, like we're grawing standards just

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<v Speaker 3>as simple, Yes or no question. Really is the six

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<v Speaker 3>G timeline accelerated because of this partnership.

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<v Speaker 6>I think it is because what you can actually do

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<v Speaker 6>now is you know exactly to what Jensen said you

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<v Speaker 6>can you can deploy with ARC, and then if something happens,

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<v Speaker 6>or the standard evolves, or you know, or there's there's change,

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<v Speaker 6>it'll just be a software model update that we deploy

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<v Speaker 6>in applications. It's a completely different model than what we're

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<v Speaker 6>used to back in the days of deploying these complex

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<v Speaker 6>integrated legacy appliances. It's general purpose accelerated computing. And that's

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<v Speaker 6>why we think it's so compelling. If the standards change,

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<v Speaker 6>you got to go fix a chip. If the standards change,

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<v Speaker 6>you're justin. I just upgrade the software, the Kuda software.

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<v Speaker 6>That's the amazing thing, Jensen.

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<v Speaker 4>You are traveling onwards now to Asia.

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<v Speaker 3>I don't know what your schedule is for the jet

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<v Speaker 3>and I don't know if you and the President will

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<v Speaker 3>be at the same place at the same time. He

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<v Speaker 3>seemed to think you would be. But the main point

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<v Speaker 3>is is that you're here in Washington, DC. We're a

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<v Speaker 3>few blocks from the White House. You called it the

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<v Speaker 3>AI super Bowl. Others called it that too, But everyone

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<v Speaker 3>is inferring from this that this was about all of

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<v Speaker 3>the things we talked about all year, that you want

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<v Speaker 3>to be closely aligned with this administration and while in Asia,

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<v Speaker 3>that there is something that the President needs to work

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<v Speaker 3>on in the context of China trade negotiations. Whether you

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<v Speaker 3>get to meet him or not, what is it that

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<v Speaker 3>you need the president to do. From Nvidia to accelerate

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<v Speaker 3>on its plans.

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<v Speaker 5>We need the president to do what's right for America,

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<v Speaker 5>and I'm certain he's going to go do that. The

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<v Speaker 5>reason why we're here is because technology is now so

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<v Speaker 5>important in politics and geopolitics. It is the single most

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<v Speaker 5>important industry in America. It is our national treasure, and

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<v Speaker 5>it's important for us to make sure that Washington, DC

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<v Speaker 5>and the policy makers and all of the people who

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<v Speaker 5>serve our country to make it great understands the technology

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<v Speaker 5>as it stands today and where we're going to go

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<v Speaker 5>and the companies that matter to us, so that we

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<v Speaker 5>can make America great. And so that was the primary reason. Well,

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<v Speaker 5>first of all, whenever there's an opportunity to see the President,

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<v Speaker 5>I always love that he's incredibly engaging, He always learning,

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<v Speaker 5>and he wants to help America win. He wants America

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<v Speaker 5>to win.

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<v Speaker 3>This is my final question. I was trying to interpret

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<v Speaker 3>what you were saying. It was a detailed presentation, but

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<v Speaker 3>you talked about how AI is now worth paying for.

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<v Speaker 3>You talked about the end or not of Moore's law,

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<v Speaker 3>depending on your point of view, but the need to

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<v Speaker 3>scale to meet demand. Was that you saying we are

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<v Speaker 3>not in an AI bubble.

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<v Speaker 5>I don't believe we're in an AI bubble, and the

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<v Speaker 5>reason for that is we're going through a natural transition

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<v Speaker 5>from an old computing model based on general purpose computing

0:11:19.400 --> 0:11:23.880
<v Speaker 5>to accelerated computing. We also know that AI has now

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<v Speaker 5>become good enough because of reasoning capability, research capabilities, its

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<v Speaker 5>ability to think. It's now generating tokens and now generating

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<v Speaker 5>intelligence that's worth paying for, to the point where I'm

0:11:35.360 --> 0:11:38.319
<v Speaker 5>paying lots of it. Cursor is all over in video.

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<v Speaker 5>Every single one of our engineers use it. We pay

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<v Speaker 5>lots and lots of money for it, and we're delighted

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<v Speaker 5>to do it. And curser' is just one of the applications.

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<v Speaker 4>You know, what is it?

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<v Speaker 5>Eleven eleven eleven tech I forget. But anyways, all of

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<v Speaker 5>these different AI models that we're using, we're using plenty

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<v Speaker 5>of services and paying, paying, happily doing.

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<v Speaker 3>Justin Hotard, the Nokia CEO, Jensen Wang, Nvidia CEO, and

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<v Speaker 3>our host here in Washington, d C, thank you both

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<v Speaker 3>very much.

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<v Speaker 4>Back to you.

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<v Speaker 2>That of course was Bloomberg, co host of b Tech

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<v Speaker 2>Ed Ludlow there at the GtC Nvidia event in Washington,

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<v Speaker 2>d C, along with the CEO of Nvidia Jensen Wang,

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<v Speaker 2>and of course also there with the CEO of Nvidia,

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<v Speaker 2>the