Nvidia CEO Says AI Will Displace Jobs But Create New Jobs

AI For Business


Nvidia CEO Jensen Huang said: Sam Yeh/AFP via Getty Images

Students graduating this year will see AI transform the workplace. His CEO of Nvidia told National Taiwan University alumni that they can ride the wave of new technology to professional success or be left in the dust.

Jensen Huang, who will deliver NTU’s Commencement speech in Taipei on Friday, told students that the world is entering a new technological era that will surpass even the invention of the internet, personal computers and smartphones.

“AI has fundamentally reinvented computing,” says Huang. “In every sense, this is the comeback of the computer industry.”

Over the next decade, he predicted, more than $1 trillion of conventional computers will be upgraded or replaced with AI-friendly computers as graduates establish themselves in society. Chip maker Nvidia itself hit a $1 trillion market cap on Tuesday after reporting a beating quarterly profit. The tech company has capitalized on his AI boom to become the first chipmaker to break the $1 trillion mark, as the company’s graphics processing units are essential to the operation of generative AI platforms.

Huang urged students to take advantage of upcoming changes to do the same with Nvidia. He acknowledged that new technology will make many jobs obsolete, but he said data engineering, AI factory operations, AI safety engineers, creating and inputting requests to AI chatbots to generate specific data. He said new professions such as prompt engineering will be created one after another. A response containing code or visuals.

In his keynote speech at the COMPUTEX Taipei conference on Monday, Huang introduced an AI platform that “allows anyone to be a programmer.” Called the DGX GH200, the technology can generate code from natural language prompts, a nod to Huang’s prediction that prompting his engineering will become a burgeoning field.

Among the jobs created and destroyed by AI, there are many jobs that are hybrids of manual and automated labor. Hedge funds and investment banks are now experimenting with automating time-consuming tasks such as reviewing market research and summarizing fund performance reports.

Greg Bond, CEO of the Boston division of investment firm Man Group, has suggested that AI could enhance the capabilities of each human worker.

“Assuming further declines in research productivity globally, we could hire more people, or hire digital researchers to double the strength of our existing research and technical staff.” said Mr Bond. bloomberg. “Ultimately, it would be nice if we could automate the innovation process itself.”

Similarly, Huang emphasized that everyone involved in business, from organizations to individuals, should leverage AI to “supercharge” their performance. He told NTU alumni that they could achieve amazing things by augmenting their work with the help of an “AI co-pilot.”

Huang concluded his speech by detailing decades of “mistakes” and business failures that Nvidia avoided by addressing the errors it encountered.

“It’s not easy for the brightest and most successful people to leave,” Huang said. “But strategic withdrawal, sacrifice, deciding what to give up is at the heart of success.”

He urged students to “run, not walk” to prioritize adaptation to the global technological revolution and embrace change.



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