How five top CEOs described the AI ​​boom of 2024

Throughout 2024, CNBC Jim Cramer discussed the seemingly limitless development of artificial intelligence with dozens of CEOs from across the tech world. Here's how five top enterprise leaders characterized the meteoric rise of artificial intelligence this year.

1. Nvidia CEO Jensen Huang said the “AI computing ramp” is just beginning and will take years.

   Huang in March painted picture of the artificial intelligence landscape, stating that investment in the new technology remains at an early stage. He predicted years of growth and suggested that artificial intelligence could drive innovation in a variety of fields, including science and healthcare.

   Nvidia is a titan of the AI ​​revolution because it designs and sells the advanced technologies necessary for the technology. The company is a leading supplier of GPUs that are used to develop and deploy new AI software such as ChatGPT OpenAI. Big Tech is widely demanding Nvidia products, including customers Meta, Tesla, Microsoft AND Amazon extorting billions. Nvidia shares are currently up more than 176% year-to-date and at times this year exceeded Apple become the most valuable company on the market.

2. Crowd blow CEO George Kurtz said that cybercriminals are reaching higher levels: “It will be the battle of artificial intelligence in the future.”

   Kurtz in February described as his cybersecurity company fights cybercrime, which is “more active than ever” as the ranks of hackers grow and become more advanced with new artificial intelligence technology in their arsenals. He said generative AI democratizes “very esoteric techniques and attacks” so that less-skilled cybercriminals can still launch advanced attacks.

   “On the earnings call, we talked about the possibility of creating more adversaries with lower skill levels but operating at a much higher skill level using generative AI,” Kurtz said. “Of course, when it comes to security, we use generative AI. AI will help protect our customers, so this will be the battle of AI in the future.”

3. Snowflake CEO Sridhar Ramaswamy said generative AI will keep him “busy for years to come.”

   Ramaswamy took over the reigns of Snowflake in February and he described how a data analytics software developer plans to use new artificial intelligence technology.

   “We have huge ambitions to do more, whether that be applications running on the Snowflake platform, or, of course, leveraging the generative power of AI, which has been my focus over the last year, to democratize access to enterprise data to make even more people could quickly access data and extract value from it,” Ramaswamy said. “So I think there's a huge opportunity in the world of data processing and artificial intelligence applications that will take me many years to pursue.”

   Snowflake partnered with Nvidia and in May with Ramaswamy he teased new project with beloved AI. According to him, Snowflake's product offering “especially in the field of artificial intelligence is overdeveloped.”

4. AMD CEO Lisa Su described the competition with Nvidia: “In computing, there is no one-size-fits-all solution.”

   Although Nvidia is a leader in the red-hot semiconductor design industry, competition is stiff, with companies like AMD and Intel they fight for customers who are willing to pay the highest price. However, in September Su. when asked about competition with Nvidia suggested there is room for more than one major player in the industry. In her opinion, the “technology ecosystem” functions well when there is competition and partnership, and customers want to be able to choose between several solid options.

   “The way to think about it is that there is no one-size-fits-all solution in computer science,” Su said. “There is not, you know, just one architecture. In fact, you will need the appropriate calculations for each application.”

   Su stated that she believes that “artificial intelligence will impact everyone's lives” and that the world is only just beginning to realize the possibilities of the new technology. She also said people shouldn't be impatient with the impact of artificial intelligence because “technology trends are expected to last for years, not months.”

5. Generac CEO Aaron Jagdfeld The CEO said pressure on the power grid “will only continue to increase” due to weather and technology.

   Money hunting warned that pressure on the power grid will only increase as demand for data centers and other AI-related technologies continues to grow. He said 40% of the generator company's business comes from commercial and industrial products such as backup for manufacturing plants, distribution centers, hospitals and data centers.

   “This has become an extremely critical point of discussion,” Jagdfeld said. “It's only going to get worse.”

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Reservation CNBC Investing Club Charitable Trust owns shares of Nvidia, AMD and CrowdStrike.