Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomePMN BusinessNvidia CEO Pitches 'Insane' AI Returns to Billionaire FamiliesNvidia Corp. Chief Executive Officer Jensen Huang touted “insane” returns for investors willing to bet on the AI boom, seeking to dispel lingering concerns around the big sums spent on artificial intelligence and its long-term profitability.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.Jensen Huang with Jasper Lau at Computex in Taipei. Photo by Debby Wu /Photographer: Debby Wu/Bloomberg(Bloomberg) — Nvidia Corp. Chief Executive Officer Jensen Huang touted “insane” returns for investors willing to bet on the AI boom, seeking to dispel lingering concerns around the big sums spent on artificial intelligence and its long-term profitability.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe Nvidia co-founder, who’s spent much of the week at Computex proselytizing about how AI will revolutionize economies and society, found time Tuesday evening to address hundreds of representatives from financial institutions and wealthy family offices. A billionaire himself, Huang said only “crazy” people would question returns from AI, citing the trillions of dollars of value the technology’s created. “Only for the last six months has the ROI been completely reset. It is now insanely profitable,” Huang said at a closed-door event in Taipei hosted by Jasper Lau’s billionaire-backed investment firm Era and Chailease Holding Co., controlled by local financial mogul Andre Koo Sr. The forum at the Mandarin Oriental attracted more than 300 guests, including Hillhouse Investment, PAG and DBS Group Holdings Ltd.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againHuang’s pitch coincides with a persistent debate about whether investors globally are buying into a bubble that’s due to burst. On Tuesday, the Nvidia CEO took aim at investors who’ve called attention to an unprecedented runup in market valuations and questioned the future monetization potential of AI after trillions of dollars were committed toward data center spending.“Remember last year when we were together, the rhetoric and the narrative around the investment were, what’s the ROI?” he said. “Give me one example of some crazy person saying that now. They’re going to sound insane.”Huang touted not just his own company but gave shoutouts to some of the hundreds of technology firms it partners with, including memory chipmakers Micron Technology Inc. and SK Hynix Inc., and Taiwan Semiconductor Manufacturing Co. This week, shares of Marvell Technology Inc. skyrocketed after Huang said it would join them in the $1 trillion valuation club. In Taipei, companies that serve as crucial suppliers to Nvidia, Microsoft Corp. and OpenAI are racing to borrow record amounts of capital, part of a global debt binge. “You need land, power, you need energy, but you also need financing,” Huang said, pointing to wealthy families as “a whole new sector of the world’s wealth” on top of pension funds and retail investors. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.