Nvidia’s Jensen Huang Highlights AI Tools Revolutionizing Software Development
Nvidia co-founder and CEO Jensen Huang has become one of the world’s most influential figures in recent years. Nvidia’s stock price has surged nearly 1,500 percent in the last three years, reaching a total market capitalization of approximately 43.549 trillion Swedish kronor. This growth has propelled Nvidia past both Microsoft and Apple, making it the world’s highest-valued company.
Nvidia is the leading global supplier of graphics processing units (GPUs), essential for the complex computations required by artificial intelligence in data centers.
In a recent interview with CNBC, Jensen Huang praised several companies building services in the AI application layer, specifically those built on top of large language models like OpenAI’s ChatGPT. He highlighted AI tools that enable users to program without prior knowledge, simply by describing what they want to create.
“My favorite AI tool for businesses is Cursor,” said Jensen Huang.
Cursor is developed by Anysphere, a US-based company co-founded by Swedish entrepreneur Arvid Lunnemark. Earlier this year, Anysphere raised approximately 900 million dollars at a valuation of 10 billion dollars, equivalent to nearly 95 billion Swedish kronor.
Lovable Receives High Praise
Jensen Huang also lauded Lovable, a Swedish company founded in Stockholm by Anton Osika and Fabian Hedin, for its AI-based coding tool that can build complete websites and mobile apps.
“I love Lovable,” said Nvidia’s CEO.
He believes these companies are among the fastest-growing in the world because they are used by developers in large corporations, not just individuals.
“All our engineers at Nvidia, 100 percent, now use AI coding tools. Our productivity has increased incredibly,” said Jensen Huang.
A third company he mentioned, alongside Cursor and Lovable, is Open Evidence, an American company focused on helping healthcare professionals sort through medical research.
Lovable’s Rapid Growth
Lovable claims to be the world’s fastest-growing company ever, reaching 1 billion kronor in annual recurring revenue—a key metric for subscription-based software companies—in just under a year.
In July, Lovable completed an investment round of 1.9 billion kronor, valuing the company at 17 billion kronor. Reports suggest that a new round may be approaching, potentially more than doubling the valuation.
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