Nvidia CEO Jensen Huang shares his thoughts on advances in AI on “Craman Countdown.”
NVIDIA CEO Jensen Huang says the artificial intelligence boom is still in its infancy and far from peaking, predicting that AI will “become ubiquitous” as the industry enters a decade of growth.
Huang made the comments during an interview with Liz Claman, host of FOX Business’s “The Claman Countdown,” that aired Thursday.
“AI is just going to become ubiquitous, so there’s a lot of runway ahead of us and a lot of growth ahead,” he said.
“It’s going to take time, but there’s plenty of time,” he continued. “This is probably the early stages of about a decade of build-up, and I think people think it looks like there’s a lot of capacity being built. But actually, it’s a very small amount of the total capacity that the world needs. The amount of compute that we need is much more than the amount of capacity that we’re putting online this year and next.”
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NVIDIA CEO Jensen Huang said the artificial intelligence boom is just beginning. (Patrick T. Fallon/AFP via Getty Images/Getty Images)
Fan also said the company plans to generate zero revenue from sales to China this quarter, but “we expect to see even more revenue.”
Asked why that situation still exists after the Trump administration opened certain chip sales channels to China, Huang said NVIDIA is still waiting for customers to decide how much to buy.
“We have approved some narrow licenses for some customers, but now customers will have to decide for themselves how much they can buy,” Huang said.
He also said concerns that China is using U.S. technology to develop its AI industry are “misplaced.”
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Nvidia CEO Jensen Huang talks about the AI race and the direction of the technology on “The Claman Countdown.”
“Obviously they have their own technology,” he added. “I think concerns about China relying on American technology to develop its AI industry are completely misplaced. AI includes energy. It includes the chip industry, which we’re a part of. Of course, it includes models and applications. And it’s a layer cake, so to speak. There are industries in every layer, and all of those industries need to compete around the world to secure U.S. AI leadership.”
He stressed that he believes the decision to exclude the United States from the Chinese market “has definitely proven to be the wrong decision.”
The NVIDIA executive also explained how AI could impact jobs, predicting that it would be “wise” to expect that “some jobs will be obsolete in the future, many new jobs will be created, and most jobs will be changed.”
But Huang pointed out that AI is creating jobs across the United States through the factories, data centers, chip factories and computer factories that need to be built to advance the technology.
“The number of skilled labor jobs we are creating across the United States is truly extraordinary,” he said. “I’m glad to see that. It’s part of our economy, our whole society, that we really want to rebuild in the United States so that we can become an industrialized nation again.”
Nvidia President and CEO Jensen Huang talks about how artificial intelligence will reshape the workforce, arguing that while some roles may become obsolete, many new jobs will be created as AI transforms existing industries.
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Regarding potential unemployment issues as a result of AI, he said, “One of the things that’s really helpful is to think about work, and think about work as both the work involved and the purpose of the work.”
Huang also talked about advances in AI, saying that AI is already “super intelligent” in “small spaces” but will continue to “change every month.”
“This year is going to be a pretty big breakthrough for artificial general intelligence, and we’re seeing it right now,” he said. “We’ve seen the tidal wave of AI use in enterprises start to grow, so it’s an exciting time.”
The full interview with Jensen Huang will air Thursday at 3pm ET.
