Nvidia’s New Sales Booster: The Global Push for National AI Champions

Nvidia last month said so-called sovereign AI efforts are expected to bring in almost $10 billion this year, from nothing last year. The company reported $26 billion in quarterly revenue, nearly half of which came from big cloud-computing companies that are renting access to its chips.

“There is a tremendous amount of anxiety among some governments about how the generative AI revolution is going to impact their economies,” said Pablo Chavez, a former Google and Microsoft policy executive who is now at the Center for a New American Security. “They want to have a little bit more influence and control this time around.”

Those efforts are turning into a windfall for Nvidia, as well as U.S. tech companies that help build and operate data centers and are looking for new sources of growth as private-sector demand for AI tools threatens to slow.

Read the full story and more from The Wall Street Journal.