Nvidia CEO bets on AI cybersecurity as next big market after coding
Jensen Huang told a Goldman Sachs conference that cybersecurity will be AI's next major use, as companies deploy AI to find software flaws and defend against attacks, per Business Insider and Digit. The prediction comes as 87% of organisations identify AI-related vulnerabilities as the fastest-growing cyber risk, according to a World Economic Forum report cited by Forbes.
Bottom line — Nvidia and OpenAI see a commercial opportunity as 87% of firms flag AI vulnerabilities as the top risk.
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- Huang said AI-powered security systems run continuously, unlike coding assistants, meaning companies will pay for round-the-clock operation, according to Business Insider.
- Nvidia has announced partnerships with CrowdStrike, Cisco and Palantir to build AI-powered cybersecurity tools, Digit reported.
- OpenAI CFO Sarah Friar also described cybersecurity as a major commercial opportunity at the same conference, Business Insider noted.
- A Security Magazine survey found that 67% of organisations always or often act on AI-generated cybersecurity recommendations without additional verification, including 29% that always do.
- The same survey showed 55% said AI-enabled security tools have made their organisation more willing to accept cyber risk.
- State governments are struggling to protect critical infrastructure: 65% of state CIO budgets include cybersecurity funding for executive agencies but only 31% provide it to local governments, according to a NASCIO/GDIT report covered by StateScoop.
- Cyber ranges are being used to build trust in AI for cybersecurity; IBM's Dan Waddell said they can run executives through AI-attack scenarios in a safe environment, Route Fifty reported.
- Forbes cited Check Point Research data showing an 18% increase in cyberattacks year-on-year, and noted that 65% of companies consider third-party and supply chain vulnerabilities their greatest challenge.