New Delhi, Nov. 1 -- Nvidia CEO Jensen Huang said on Friday that artificial intelligence had reached a "virtuous cycle," signaling a tipping point for continuous, rapid growth in the industry, which will fuel the AI boom.

Speaking at the Asia-Pacific Economic Cooperation CEO Summit in South Korea, Huang said as AI models continue to improve, they are attracting more investment - which, in turn drives further advancements in the technology. Describing this loop, he said, "We have now achieved what is called the virtual cycle."

His comments during the APEC event come as major tech companies are spending billions to build out AI-related infrastructure and serve its end users.

"The AIs get better. More people use it. More people use it, it...