Jensen Huang Talks Up Nvidia’s Strategic Value to US
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NVIDIA CEO on whether AI will lead to job losses
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Huang’s comments stand in stark contrast to those of Anthropic CEO Dario Amodei, who said AI could eliminate half of all entry-level white collar jobs and spike unemployment by double digits over the next five years. Amazon CEO Andy Jassy has also warned AI will reduce the company’s total corporate workforce.
It’s been a very busy week for Nvidia CEO Jensen Huang. After meeting with President Donald Trump and senior officials in Beijing in recent days, Huang has secured a major victory for his AI-chip empire.
Nvidia's CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used for artificial intelligence to China
Nvidia CEO Jensen Huang says AI won't erase jobs but will transform how we work — starting with how we think and ask questions.
Nvidia was informed by the U.S. government in April that it needs a license to export its China-specific H20 chip into that market. The company took a $4.5 billion charge on account of the excess inventory of the unsold H20 chips that it was left with. Nvidia also lost $2.5 billion in revenue because of this restriction during the quarter.
Nvidia said it plans to resume sales of its best-selling H20 AI chip to China, days after CEO Jensen Huang met with President Donald Trump.
After the U.S. government grants export permits, Nvidia CEO Jensen Huang expects that sales of H20 AI chips will resume in China, opening the door for a possible Nvidia rally as trade restrictions lighten.
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tom's Hardware on MSNJensen Huang adds voice to those warning of AI-induced job losses - but only 'if the world runs out of ideas'Nvidia CEO Jensen Huang said that while AI could dramatically boost productivity, it may also cause job losses unless society continues to innovate and create new opportunities.
The U.S. will grant licenses for the H20 chip after it had announced restrictions in April.
"You know this is no different than getting three opinions. Three doctors' opinions. I do the same thing," Huang said.
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Dario Amodei, Jensen Huang, and Jerome Powell aren't equally bullish — or bearish — about AI. Will unemployment skyrocket to 20%, or will global GDP go up 7%?