Summary: Companies are investing money into metaverse because it may ultimately save them billions of dollars in the real world, Nvidia CEO Jensen Huang told CNBC’s Jim Cramer in an interview on “Mad Money". Huang painted a vision of connected, virtual reality universes that go beyond facilitating recreation and commerce. “We waste a whole bunch of ...

Companies are investing money into metaverse because it may ultimately save them billions of dollars in the real world, Nvidia CEO Jensen Huang told CNBC’s Jim Cramer in an interview on “Mad Money".

Huang painted a vision of connected, virtual reality universes that go beyond facilitating recreation and commerce. “We waste a whole bunch of things to overcompensate for the fact that we don’t simulate. We want to simulate all factories in metaverses, in this omniverse. We want to simulate plants in omniverse. We want to simulate the world’s power grids in the omniverse,” He said.

“By doing that, we could decrease the amount of waste, and that’s the reason why the economics are so good for companies,” he continued. “They’re willing to invest a small amount of money to buy into this artificial intelligence capability but what they save is hopefully hundreds and hundreds and hundreds of billions of dollars.”

By Amy Liu