By Stephen Nellis and Max A. Cherney SAN JOSE, California (Reuters) -Nvidia CEO Jensen Huang said on Tuesday the company was well placed to navigate a shift in the artificial intelligence industry, in which businesses are moving from training AI models to getting detailed answers from them.

Nvidia founder Jensen Huang kicked off the company’s artificial intelligence developer conference, on Tuesday by telling a crowd of thousands that AI is going through “an inflection point.”

Nvidia Chief Jensen Huang on Tuesday defended the chipmaker’s leadership in the artificial intelligence (AI) market, telling developers that the company is well-positioned to meet rising demands as the industry shifts focus from training AI models to deploying them for real-time responses.