Foxconn chairman says AI investment boom ‘still has some time to go’ as language models evolve

CNBC October 7, 2024
Ryan Browne

Key Points

– Foxconn Chairman Young Liu told CNBC the artificial intelligence boom “still has some time to go” as AI models are becoming increasingly intelligent with each new iteration that comes out.

– Liu said that progress toward so-called “AGI,” or Artificial General Intelligence, can only be a good thing for the AI server industry, which has been a key boon to Foxconn’s growth this year.

– Demand for Nvidia’s upcoming Blackwell server chip — which Foxconn is manufacturing — is “much better than we thought,” Liu said.

The boom in corporate investment into artificial intelligence infrastructure still has some way to go as large language models are continuing to evolve, according to the CEO of Foxconn, a key...

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