New Delhi, Nov. 20 -- Nvidia CEO Jensen Huang has spoken out against the possibility of an AI bubble. Huang gave a three-point rebuttal explaining why the AI industry is not in a bubble. The core argument from Huang goes like this: the shift happening underneath due to AI is much bigger than just chatbots, and there is a fundamental change in how the world does computing that is leading to the massive demand for GPUs.

"There's been a lot of talk about an AI bubble," Huang was quoted by CNBC as saying. "From our vantage point we see something very different."

Huang gave three arguments to justify his view.

First, the Nvidia CEO says that Moore's law - the idea that CPUs keep getting faster and cheaper - has run its course. He says that ...