Transcription
Jensen, it's been an astonishingly busy day for you in Washington, D.C., so I'm grateful for your time. You're sold out of Blackwell. That's what you said. But also that $500 billion forecast, which is Blackwell Rubin has room to grow. How do those fit together?
I said sales are off the charts for Blackwell. And and video. GPUs in the cloud are sold out. We got plenty of black walls to sell you. We have lots of black walls coming. We're making a lot of black wells. And we have a bunch of Vera Rubin is coming. And so. Business is very, very strong. But we've planned our supply chain incredibly well. We have the largest supply chain in the world, our partners, TSMC, our memory partners, SK, Hynix, Micron, Samsung are doing a fantastic job supporting us and all of our systems partners, Foxconn and Quanta and Wistron are packaging partners. Everybody is doing a fantastic job supporting us and we've done a good job planning for a very, very strong year and we've done a good job planning for Vera Rubin. So sales are off the charts. Nvidia GPUs in the cloud is sold out, but we've got a bunch of Blackwells to sell.
Jensen, what's the road ahead for Vera Rubin? It's one of the most common questions we get view of how that ramp will go relative to what we saw with the Blackwell generations. Well, the silicon for Vera Rubin, seven different chips are back in our labs and the bring up is happening across engineering teams. Probably a couple of 20,000 people are working on bringing up Vera Rubin from silicon to systems, the software to algorithms. People are working around the clock and the bring up is going beautifully. We're on track to deliver Vera Rubin about Q3 timeframe of next year. Continuing our once a year cycle, Vera Rubin is already assured a huge success. Everybody's incredibly excited about it. Can't wait to show everybody. And then one last thing is that the rack architecture, the rack scale architecture is completely revolutionary. It includes a scale up switch called the Envy Link. Envy Link 72. Our fifth generation is the only one of its kind in the world. This rack architecture, which is incredibly complex, started with Grace Blackwell, then Grace Blackwell Ultra. It is transition to Grace. Blackwell Ultra is incredibly seamless. The same rack, rack scale architecture is going to be used for Vera Rubin. And so the supply chains are used to it. This complexity that we enjoyed with Grace Blackwell transition were now incredibly smooth running. And so I think Vera Rubin is going to be just really smooth and we're going to wrap it really hard.
Jensen I tried to go through what the CFO, Colette Kress, said about China in the quarter gone. It seemed like there was not meaningful h-20 sales because the demand wasn't there. Even if you were permitted to sell H20 and then in the current period and going forward, Invidious seems committed to working with both the United States and China to to sell what Collette called more competitive compute. Where do we stand with that? And could you just clarify what what Colette was talking about in the current state of play for China?
The most important thing, she said, is that we've said for some time now. Our forecast for China is zero. All of our forecast, that guidance that we showed, zero we should start, that's the most important thing that she said. She also said that effectively China is a very important market to us. It's very important to the United States. It's very important to China. We would love the opportunity to be able to reengage the Chinese market with excellent products that we deliver and to be able to compete globally. The Chinese market is very large this year. My guess is probably about $50 billion. It's great for the American people that we're able to compete in the Chinese market. It's great for the China market that we're able to provide and various technology to them. It's great for the rest of the world as Chinese software companies and Chinese open source models leave China and are used all over the world. And so I think it's fantastic that we're able. It would be fantastic if we're able to participate in the China market. But for now, we should just assume the market are in various forecasts for China, market is zero. We're going to continue to engage the U.S. government, continue to engage the China government to advise them and to encourage them to allow us to go back and compete in the open market. And so until then, we should assume zero.
Jen said. During the call, the US Commerce Department issued a statement saying that you are now permitted to export up to 35,000 black well chips each to both Saudis Humane and to the UAE through G 42. But there are some requirements that the US has of you, in particular around controls of preventing tech transfers to China through the Middle East. What can you tell us about your understanding of what the US government is asking of you that?
That that that that that element is has been around for a long time is to prevent diversion of course. Over the years, people have speculated about diversion. We've chased down every single concern and we've repeatedly tested and sampled data centers around the world and found no diversion. And so this is a this is an area that that will continue to be rigorous on. And there's a lot of different ways to comply. And one of them, of course, is to have it be run by American cloud. Another way is just to make sure that we have measures put in place, whether technology or processes, to ensure that no diversion happens.
Jenson, The number one question I get for you is always about energy. How severe is the energy source in the context of air expansion? And would you talk a bit about power and whether power is a bigger constraint for this buildout than the chips themselves?
When you're growing at the rate and scale of a video. Remember, we're growing some 60% a year. Just quarter to quarter growth of our company is $10 billion. We grew an entire size of a company just for a one quarter. And so the the scale and the rate at which we're growing, everything's a challenge, which is the reason why India has to be world class at our supply chain, working with incredible providers and suppliers like TSMC and and the memory partners and all of our systems partners, but also working downstream to work with energy providers, power generator companies, all of the land power and shell providers so that we could make sure that as we launch into the marketplace, as we deploy into the marketplace, land power and Shell will be ready for us. One of the great advantages is that we have such a large network of go to market every we're in every single cloud, every single cloud service providers, a customer of ours. We're in every single GPU cloud. And so we have a large network, and not to mention OEMs, not to mention all around the world, our customer base, our network of partners is so large that we will find nooks and crannies of power and large scale, medium scale, small scale in different parts of the world. And so this is a huge advantage of ours. And it stems from the fact, Ed, that Nvidia's architecture literally runs every model. And today, yesterday, we announced a big news with Anthropic. And so now the premier frontier models open I. Anthropic essay I. Gemini. All the open sources, biological models, physical air models. Everything in the world runs on Nvidia. And as a result of that, irrespective of which cloud provider you are, it is. Fantastic that we can deploy in your cloud because the offtake will be incredible.
Jensen We can see where the Hyperscalers are getting the money, where they have the money to deploy and build. But you mentioned anthropic with anthropic or indeed open A.I.. They have tens of billions of dollars of commitments around the world. Very simple. Like, how do you know that open air is good for it? That it will be able to find the money?
Well, we're thoughtful, along with open, thoughtful in aligning on and taking into consideration the visibility of demand and their financing capabilities. All of that has to be in accordance, it has to be aligned, has to be coherent before we start to build out. And so I think the the the ambitions large but the execution is disciplined. And that's really, really important to recognize. We're very disciplined with our investment. We're disciplined with our build out. These are very large scale investments. And so the two teams are quite disciplined, very disciplined in thinking through the investment levels. Now, it's also important to take a step back and realize that openly I anthropic. These are the fastest growing company in the history of humanity. They're offtake. Their end market demand is absolutely real and absolutely incredible. And you could see that they're really struggling to keep up with the demand that they have. The engineering teams, we work incredibly hard to make sure that we bring them on more capacity, but also optimizing their stack so that the usage of whatever capacity is as efficient as possible. And meanwhile, there's so many new use cases that they want to put back put out into the world. And this currently limited by the capacity they have. And so this is a really important time. You're seeing an exponential growth in the amount of compute demand necessary for AI. You're seeing an exponential growth of adoption and use of AI and the number of applications that are going to be using these AI is also growing. And so we've got to do our best to support the scaling out of two of the most consequential companies in history, and we're delighted to be part partnered with them.