Nvidia CEO Jensen Huang: AI Build-Out Will Eventually Lower Energy Costs

• Nvidia CEO Jensen Huang stated that the extensive development of AI infrastructure, currently stressing power grids, will ultimately reduce energy costs.
• Huang believes increased investment in electrical capacity and AI's role in energy generation/distribution will drive down costs over time.
• He emphasized that market forces are compelling investment in energy supply, leading to modernization of the energy grid and lower costs.
• Earlier reports suggested Nvidia's $100 billion investment talks with OpenAI broke down, indicating a potential rift.
• Huang later clarified plans for a "huge" investment in OpenAI, with OpenAI CEO Sam Altman confirming their intent to be a long-term customer for Nvidia's AI chips.

Why It Matters: Nvidia CEO Jensen Huang predicts AI infrastructure growth will lead to lower energy costs and grid modernization.