Key Takeaways
- CES 2024 is expected to highlight the growing importance of artificial intelligence, with Nvidia CEO Jensen Huang delivering a keynote speech on the company’s roadmap for driving the next industrial revolution
- Artificial intelligence investment made up 92% of U.S. GDP growth in the first half of 2024, according to Harvard economist Jason Furman
- CES will feature a range of AI-related technologies, including physical AI, generative AI, and robotics, with companies like AMD, Hyundai, and Samsung showcasing their latest innovations
- The event is expected to have a significant impact on the tech industry, with trillions of dollars in AI-related spending expected over the next three years
Introduction to CES 2024
CES, the annual consumer electronics show in Las Vegas, has long been a platform for showcasing groundbreaking technologies. In recent years, the event has shifted its focus towards artificial intelligence, and this year’s edition is expected to be no exception. As Wedbush analyst Dan Ives notes, "The Jensen keynote speech is front and center in terms of strategic direction for AI. It’s not just everyone in tech and markets watching, but everyone around the world." Nvidia CEO Jensen Huang is set to deliver a keynote speech on January 5, outlining the company’s roadmap for driving the next industrial revolution through its full stack of technologies.
The Growing Importance of Artificial Intelligence
Artificial intelligence is increasingly becoming a major driver of economic growth, with investment in the sector making up as much as 92% of U.S. GDP growth in the first half of 2024, according to Harvard economist Jason Furman. As Huang notes, "This kicks off the consumer AI revolution. AI technology is coming to consumers globally this year." The impact of AI on various industries, including healthcare, automotive, and manufacturing, is expected to be significant, with Huang highlighting the potential for physical AI to extend beyond robotics to areas such as drones and refrigerators. As one source notes, "Think of it as industries. Healthcare, automotive, manufacturing — Jensen is showing how AI transforms how these sectors actually work."
CES 2024: A Platform for Innovation
CES 2024 is expected to feature a range of AI-related technologies, including physical AI, generative AI, and robotics. Companies such as AMD, Hyundai, and Samsung will be showcasing their latest innovations, with AMD CEO Lisa Su set to deliver a keynote speech on the company’s new chips aimed at enterprises looking for alternatives to Nvidia’s premium-priced GPUs. As Su notes, AMD has transformed from a struggling chipmaker into a serious Nvidia competitor, with a market cap exceeding $200 billion. The show floor will reflect the shift to physical AI, with Hyundai highlighting humanoid robots, Boston Dynamics demoing its latest autonomous systems, and Samsung unveiling an "AI living ecosystem" that includes refrigerators capable of tracking inventory and anticipating grocery needs.
The Economic Impact of CES 2024
The economic impact of CES 2024 is expected to be significant, with trillions of dollars in AI-related spending expected over the next three years. As Ives notes, "Anything Huang and Nvidia do has outsized economic impact. The company’s market cap is currently $4.6 trillion, nearly exceeding the entire economy of Germany." The event will shape how those trillions get allocated, with companies like Nvidia, AMD, and Samsung positioning themselves for a major share of the AI market. As the world becomes increasingly dependent on AI, the innovations showcased at CES 2024 will play a critical role in shaping the future of the tech industry.
The Global Representation at CES 2024
While the US seems to be a clear leader in artificial intelligence, Chinese companies are expected to be well-represented at CES 2024. The event will feature a range of international companies, highlighting the global nature of the AI industry. As the world becomes increasingly interconnected, the innovations showcased at CES 2024 will have a significant impact on the global economy. As one source notes, "For years, CES showcased technology of tomorrow that often never arrived. This year is about technology that’s already here — and the question is no longer whether AI will transform consumer products, but how quickly." With the AI revolution already underway, CES 2024 is expected to be a major platform for showcasing the latest innovations and shaping the future of the tech industry.
https://nypost.com/2026/01/01/business/nvidia-ceo-jensen-huang-brings-ai-cred-to-ces/
