Nvidia CEO Jensen Huang said the world is entering a fierce race for computing power for AI, which could raise questions about the amount of resources remaining for crypto mining.
Speaking at the Nvidia Live event on Monday in Las Vegas, Huang stated that the demand for computing resources is "soaring" due to the rapid development of artificial intelligence models, describing it as a "tense race" toward the next technological frontier. He also mentioned a series of advances Nvidia is making ahead of 2026, amidst increasingly fierce competition in the AI field.
Speaking about the explosion of AI since the technology began to be widely applied, Huang said that companies are all striving to be the first to reach the next level.
“The amount of computation needed for AI is increasing exponentially. Nvidia’s GPU demand is also skyrocketing. AI models are expanding tenfold, or one order of magnitude, every year,” he said, emphasizing: “Everyone wants to reach the next level, and someone will. Ultimately, it’s a computational problem — the faster you compute, the sooner you reach the next frontier.”
The demand for AI could push Bitcoin Miners to shift careers.
The rapid growth and adoption of AI in the past few years has led many Bitcoin (BTC) mining companies to shift part or all of their operations to AI. This is due to the increasing difficulty of mining Bitcoin, while AI opens up opportunities for Miners to optimize their existing infrastructure and create additional revenue streams beyond BTC. As the computing power for AI continues to escalate, the shift towards AI may become even more attractive to Miners.
In his speech, Huang also Chia information about Nvidia's next-generation Rubin Vera chips, stating that they are currently in "full production" and on schedule. He said that the combination of Rubin and Vera — designed to work together — could deliver up to five times higher AI computing performance than previous generations.
