Nvidia CEO gives alarming take on how AI will ‘revolutionize, transform’ your job
News & Politics
Introduction
Nvidia's shares have skyrocketed 199% this year, making it the world's most valuable company. Accounting for 22% of the entire S&P's gains, Nvidia's stock price has experienced dramatic fluctuations following the release of its third-quarter earnings report. However, the company's consistent revenue growth and repeated beat of analyst estimates have left little doubt about its continued success in the tech landscape.
In an exclusive interview with Fox Business, Jensen Huang, founder and CEO of Nvidia, discussed the company's extraordinary performance and the broader implications of artificial intelligence (AI) on the future of work. Huang highlighted that the demand for Nvidia’s Hopper and Blackwell chips far exceeds current supply, presenting a challenge that many CEOs would envy.
Challenges in Supply and Demand
Responding to questions about how the company is addressing this challenge, Huang emphasized the ramp-up of production for both chips. "We had a record quarter this last quarter. We expect next quarter to surpass that," he stated. The backlog for orders is significant, and Huang advises companies to purchase what they currently need, as Nvidia will continue developing new systems annually.
He mentioned that hyperscalers like Google, Microsoft, and Meta are eager for Nvidia's chips, and the company works closely with them to ensure that infrastructure meets the demands of AI. Despite the intense competition for these chips, Huang asserted that fulfilling orders is based on the timeliness of the contracts.
Technology Readiness
Concerning recent reports of overheating issues with the Blackwell chip, Huang dismissed these as inconsequential engineering challenges rather than significant problems. He reiterated that both the Hopper and Blackwell systems are performing well and that engineering adjustments are simply a part of integrating advanced technology into existing data centers.
Huang delved into AI's impact on various industries, underscoring that AI's potential extends across the globe. He believes that countries worldwide are beginning to embrace AI, recognizing the importance of developing localized data intelligence rather than relying on external sources.
Future Job Landscape
On the topic of AI potentially replacing jobs, Huang maintained a pragmatic view, elucidating that while AI can perform many tasks, it will not entirely replace human work. "AI will do 20%, 30%, or even 40% of jobs, but it’s crucial that everyone learns how to utilize AI effectively." He stressed that employees should see AI as a tool that enhances productivity rather than a threat to their livelihoods.
Huang urged everyone to experiment with AI technologies such as ChatGPT, Gemini, and Claude, highlighting their potential benefits and applications in daily work. He concluded with a reassuring note, suggesting that those who engage with AI will be the ones who thrive in the future job market.
Keyword
- AI
- Nvidia
- Jensen Huang
- Hopper chip
- Blackwell chip
- Stock performance
- Supply challenges
- Job transformation
- Hyperscalers
- Overheating issues
- Engineering challenges
- Global adoption
FAQ
1. What has been the performance of Nvidia's stock this year?
Nvidia's shares have surged 199% this year, making it the most valuable company globally.
2. What challenges is Nvidia facing with its chip production?
The demand for Nvidia's Hopper and Blackwell chips exceeds current supply, leading to a significant backlog for orders.
3. How does Nvidia prioritize its chip orders from customers?
Nvidia fulfills orders primarily based on who placed them first, while also ensuring that customers' infrastructure is ready to integrate the technology.
4. What does Jensen Huang say about the future impact of AI on jobs?
He predicts that AI will not replace 100% of jobs but will transform how work is done, stressing the importance of learning to use AI effectively.
5. Did Nvidia face any significant technical issues with the Blackwell chip?
Jensen Huang dismissed reports of overheating issues as minor engineering challenges that are commonly encountered during technology integration.
