Nvidia CEO Says AI Build-Out Will Eventually Lower Energy Costs

Nvidia Corp. Chief Executive Officer Jensen Huang said that the massive build-out of artificial intelligence capacity, which is currently straining the power grid in many locations, will eventually lead to cheaper energy costs.

Investment to bring more electrical capacity online — along with the use of AI in energy generation and distribution — will help lower costs over time, Huang said at a conference in Houston.

“This is going to happen for sure, energy cost is going to drop,” Huang said. “Because the market force is forcing us to invest in energy supply. Energy supply goes up, and we ...