How did five top CEOs describe the AI ​​boom in 2024?

Throughout 2024, CNBC’s Jim Cramer discussed the boundless rise of artificial intelligence with dozens of CEOs across the tech world. Here’s how five top enterprise leaders describe the meteoric rise of artificial intelligence this year.

1. Nvidia CEO Jensen Huang said the “AI computing slope” is just beginning and will continue for years.

   Huang in March painted a picture of the AI ​​landscape, saying investments in new technology were still in the early stages. Predicting years of growth ahead, he suggested that artificial intelligence could drive innovation in a variety of fields, including science and healthcare.

   Nvidia is one of the giants of the AI ​​revolution, designing and selling the advanced technology necessary for the technology. The company is a major supplier of graphics processing units, which are used to develop and implement new AI software such as OpenAI’s ChatGPT. Nvidia products are widely demanded by major technology companies, including customers dead, Tesla, Microsoft and Amazon Billions bombed. Nvidia stock is currently up more than 176% year to date, at times even more than this year apple To become the most valuable company in the market.

2. Crowd Strike CEO George Kurtz said cybercriminals are advancing: “It will be the AI ​​battle of the future.”

   Kurtz described in February how his cybersecurity company is fighting cybercrime that has become “more active than ever,” with hacker numbers growing and becoming more advanced with new artificial intelligence technology in its arsenals. Generative AI democratizes “very esoteric techniques and attacks,” so less skilled cybercriminals can still carry out advanced attacks, he said.

   “What we talked about on the earnings call is the ability to create more adversaries at lower skill levels, but operating at a much higher skill level, leveraging generative AI,” Kurtz said. “AI to help protect our customers, so it will be the AI ​​battle of the future.”

3. Snowflake CEO Sridhar Ramaswamy said productive AI will keep him “busy for many years to come.”

   Ramaswamy took the reins at Snowflake in February, describing how the data analytics software maker plans to use the new AI technology.

   “We have a lot of ambition to do more, whether that’s through applications running on top of Snowflake, or of course, using the power of generative AI, which I’ve been focused on over the past year, to democratize access to enterprise data,” Ramaswamy said. “More people are able to access data quickly to get value from it.” “So I think there is a huge opportunity in the world of data and AI applications that will keep me busy for many years to come.”

   Snowflake has teamed up with Nvidia, and in May, Ramaswamy teased a new project with AI darling. According to him, Snowflake’s product pipeline, “particularly in the AI ​​space, has been in a state of overdrive.”

4. AMD CEO Lisa Su described the competition with Nvidia: “There is no one size fits all in computing.”

   Although Nvidia leads the pack in the hot semiconductor design industry, competition is stiff, with companies like AMD and Intel Compete for customers who are willing to pay top dollar. But in September, when asked about competition with Nvidia, Su suggested there was room for more than one major player in the sector. According to her, the “tech ecosystem” works properly when there is competition and partnership, and customers want the ability to choose between several powerful options.

   “The way to think about it is that there is no one size fits all in computing,” Su said. “There’s not, you know, just one architecture. In fact, you’re going to need the right compute for each application.”

   Su said she believes that “AI will impact everyone’s lives” and that the world is only beginning to realize what the new technology can do. She also said people shouldn’t get impatient about the impact of AI because “tech trends are supposed to last over years, not months.”

5. Generac The pressure on the power grid will “get worse” due to weather and technology, CEO Aaron Jagfeld said.

   Jagdjeld warned that pressure on the power grid will increase as demand for data centers and other AI-related technology continues to grow. He said 40% of the generator company’s business comes from commercial and industrial products, such as backups for manufacturing plants, distribution centers, hospitals and data centers.

   “This has become a widely critical discussion point,” Jagfeld said. “This is going to get worse.”

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Disclaimer The CNBC Investing Club Charitable Trust owns shares in Nvidia, AMD, and CrowdStrike.