Nvidia CEO's 2024 Compensation and Insights on AI's Impact

TapTechNews June 27th news. Synthesizing reports from the Associated Press, CNBC, etc., Nvidia held a shareholders' meeting that lasted about half an hour on local time June 26th. Shareholders approved all 12 director nominees and passed the executive compensation plan.

Documents show that Nvidia CEO Jensen Huang's 2024 fiscal year compensation package includes a basic salary (Salary) of $996,500 (TapTechNews note: currently about 7.251 million yuan) and stock-based compensation of $26,676,000 (currently about 194 million yuan), with a total compensation of $34,168,000 (currently about 249 million yuan), an increase of about 60% compared to the previous year.

Jensen Huang did not disclose information about new products this time. He said that with the promotion of Nvidia's advanced chips, the "heavy industry" is ripe for automation in the next wave of the artificial intelligence wave, and the heavy industry worth $50 trillion (currently about 364.26 trillion yuan) will benefit from it. "Soon, robot factories will use robots to make robots."

Jensen Huang also said that AI has permeated from the tech sector to healthcare and other industries, and there are still more growth avenues in the larger areas of the global economy where AI has not yet been widely adopted. "Nvidia is an accelerated computing platform company and is committed to the development of multiple fields including healthcare, automotive manufacturing, financial services, and gaming through software and hardware systems. Healthcare, automotive, and digital manufacturing are the largest vertical industries served by Nvidia, and the Nvidia computing platform supports all the vertical industries worth $100 trillion."