According to Jensen Huang, those who are afraid that AI might take their jobs are wrong. It will be those with AI expertise who will steal their jobs. In addition, the AI industry will transform every single job, open a lot of new opportunities for those with experience and create numerous vacancies.
Jensen Huang, CEO of the world’s leading artificial intelligence (AI) chip maker Nvidia Corporation (NASDAQ: NVDA), strongly believes that AI expertise is everything. As Jensen Huang stated during his commencement speech on Saturday, individuals and companies with a lack of AI knowledge have a risk of being left behind.
Huang said:
“Agile companies will take advantage of AI and boost their position. Companies less so will perish. While some worry that AI may take their jobs, someone who’s expert with AI will.”
Further, Nvidia CEO added that those who are afraid that AI might take their jobs are wrong. It will be those with AI expertise who will steal their jobs. In addition, the AI industry will transform every single job, open a lot of new opportunities for those with experience and create numerous vacancies. Therefore, it is high time to familiarize yourself with the technology until it is too late.
Huang added:
“In 40 years, we created the PC, Internet, mobile, cloud, and now the AI era. What will you create? Whatever it is, run after it like we did. Run, don’t walk. Either you are running for food, or you are running from becoming food.”
Currently, Nvidia is on top. The company is well-known for its designing and manufacturing of graphics processing units (GPUs), innovating the semiconductor, establishing the Omniverse, and manufacturing countless computer software and hardware. Last week, Nvidia reached a new high, with its shares jumping 26% following a robust earnings outlook and increased production scale as a result of an enormous demand. Due to such explosive growth and a market cap of over $950 billion, Nvidia is expected to be the next trillion-dollar company, in addition to Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Alphabet(NASDAQ: GOOGL), and Amazon (NASDAQ: AMZN).
Will AI Steal Jobs?
Experts have been warning that AI might have a drastic impact on millions of jobs, especially those in industries that can be easily automated. Among them are transportation, manufacturing, and financial services, as well as healthcare where AI can assist with diagnosing and treating patients and journalism where AI can generate news articles and summaries. According to a report published by banking giant Goldman Sachs Group Inc (NYSE: GS) in March, AI could replace the equivalent of 300 million full-time jobs. Besides, we reported about Goldman Sachs predicting AI to drive profit growth despite rising borrowing costs and supply chain problems. According to the bank, AI could boost the S&P 500 profits by as much as 30% over the next decade.
AI technology can automate a lot of processes, but it does not mean you should be scared of losing a job. Instead, the development of AI is a motivation to get to know more about it and invest in learning how to work alongside technology. With this knowledge, any employee will be a more valuable asset.
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