Huang said that driven by Nvidia’s advanced chips, “heavy industry is ripe for automation in the next wave of AI.”

PCD230A-3BHE022291R0101 On June 27, according to reports by Caiyun News Agency and CNBC, Nvidia held a shareholders’ meeting for about half an hour on June 26 local time, and shareholders approved all 12 director nominees and passed the executive compensation plan.

According to the filing, Nvidia CEO Jen-Hsun Huang’s compensation package for the fiscal year 2024 includes a base salary of $996,500 and a stock incentive of $26.676,000, for a total compensation of $34.168 million, up about 60% from the previous year.

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Huang did not disclose information about the new products. Driven by Nvidia’s advanced chips, “heavy industry is ripe for automation in the next wave of AI,” he said, with $50 trillion worth of heavy industry set to benefit. Soon, robot factories will use robots to make robots.”

PCD230A-3BHE022291R0101 Huang also said that AI has penetrated a number of industries, from technology to healthcare, and there are more avenues for growth in larger parts of the global economy where AI has not yet been widely adopted. Nvidia is an accelerated computing platform company that uses hardware and software systems to advance a wide range of fields, including health care, automotive manufacturing, financial services, and gaming. Healthcare, automotive and digital manufacturing are the largest verticals Nvidia serves, and Nvidia’s computing platform supports all $100 trillion verticals.”