Throughout 2024, CNBC’s Jim Cramer discussed the seemingly limitless rise of artificial intelligence with dozens of CEOs from around the tech world. Here’s how five top business leaders characterized the meteoric rise of AI this year.

1. Nvidia CEO Jensen Huang said the “AI computing ramp” is just beginning and will take years.

   Huang painted a picture of the AI ​​landscape in March, saying investments in the new technology were still in their early stages. He predicted years of growth and suggested that AI can drive innovation in a variety of areas, including science and healthcare.

   Nvidia is a titan of the AI ​​revolution as it develops and sells advanced technology essential to the technology. The company is the leading provider of GPUs used to develop and implement new AI software such as OpenAI’s ChatGPT. Big Tech, by and large, demands Nvidia’s products, including customers Meta, Tesla, Microsoft And Amazon Spend billions. Nvidia stock is currently up more than 176% year-to-date and has even outperformed at times this year Apple to become the most valuable company on the market.

2. CrowdStrike CEO George Kurtz said cybercriminals are on the rise: “It will be the battle of AI in the future.”

   Kurtz described in February how his cybersecurity company is fighting cybercrime “more actively than ever” as the number of hackers grows and becomes more advanced with new AI technology in their arsenals. He said generative AI “democratizes very esoteric techniques and attacks” so that less experienced cybercriminals can still carry out advanced attacks.

   “What we talked about in the earnings call is the ability to create more opponents with lower skill levels but much higher skill levels through the use of generative AI,” Kurtz said. “Of course we use generative AI on the security side. AI is intended to help protect our customers, so it will be the battle of AI in the future.”

3. Snowflake CEO Sridhar Ramaswamy said generative AI will “keep him busy for many years to come.”

   Ramaswamy took over as head of Snowflake in February and described how the data analytics software maker plans to use new AI technology.

   “We have great ambitions to do more, whether through applications running on Snowflake or, of course, leveraging the power of generative AI, which I have been focusing on over the last year, to democratize access to enterprise data.” “To give even more people the opportunity to quickly access and benefit from the data,” said Ramaswamy. “That’s why I think there’s a big opportunity in the world of data applications and AI that will keep me busy for many years to come.”

   Snowflake has been working with Nvidia and in May Ramaswamy announced a new project with the AI ​​darling. According to him, Snowflake’s product pipeline, “especially in the AI ​​space, is in full swing.”

4. AMD CEO Lisa Su described the competition with Nvidia: “There is no one-size-fits-all solution in computing.”

   Although Nvidia is a leader in the red-hot semiconductor design industry, the competition is fierce, with companies like AMD and Intel compete for customers willing to pay the highest price. But when Su was asked about competition with Nvidia in September, he suggested there was room for more than one big player in the sector. In her opinion, the “technology ecosystem” works well when there is competition and partnership and customers want the opportunity to choose between several solid options.

   “If you think about it, there is no one-size-fits-all solution in computer science,” Su said. “There is not just one architecture. In fact, you need the right computing power for each application.”

   Su said she believes that “AI will impact everyone’s lives” and that the world is just beginning to understand what the new technology can do. She also said that people shouldn’t be impatient with the impact of AI because “technology trends are meant to unfold over years, not months.”

5. Generic CEO Aaron Jagdfeld said pressure on the grid is “only getting worse” from weather and technology.

   Jagdgeld warned that pressure on the power grid will only increase as demand for data centers and other artificial intelligence-related technologies continues to grow. He said 40% of the generator company’s business comes from commercial and industrial products, such as backup power for manufacturing plants, distribution centers, hospitals and data centers.

   “This has become an extremely critical point of discussion,” Jagdfeld said. “This is only going to get worse.”

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Disclaimer The CNBC Investing Club Charitable Trust holds shares of Nvidia, AMD and CrowdStrike.