Nvidia CEO Jensen Huang gives his thoughts on the progress of AI in ‘The Claman Countdown’.
NVIDIA CEO Jensen Huang said the artificial intelligence boom is just beginning and is far from reaching its peak. He predicts that AI “will be everywhere” as the industry enters a decade of growth.
“AI is just going to be everywhere. So we have plenty of runway and a lot of growth ahead of us,” he said.
“It will take time, but we still have a lot of time,” he continued. “I think this is the point where people, at the beginning of probably a decade of buildout, think it looks like there’s a lot of capacity being built. But in fact it’s a very small portion of the total capacity that the world needs. The amount of computing power we need far exceeds the amount of capacity we’re bringing online this year and next year.”
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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)
Huang also said that his company achieved zero revenue from sales to China in the current quarter, but that they are “hoping for more.”
Asked why that is still the case even after the Trump administration opened channels for selling certain chips to China, Huang said NVIDIA is still waiting for customers to decide how many they want to buy.
“We have approved some limited licenses for some customers, and now the customers have to decide for themselves how many they can buy,” Huang said.
He also said concerns that China will use American technology to advance its AI industry are “ill-placed.”
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Nvidia CEO Jensen Huang discusses AI competition and where the technology is headed in ‘The Claman Countdown’.
“Obviously they have their own technology,” he added. “I think the concerns about China being dependent on American technology to advance their AI industry are just poorly positioned. AI includes energy. It also includes the chip industry that we are a part of. It also includes models and applications, of course. And it’s a fiber layer cake, if you will. Every single layer has an industry, and all those industries have to start competing around the world to secure AI leadership for the United States.”
He emphasized that he believes the decision to ban the United States from the Chinese market “certainly turned out to be the wrong decision.”
The NVIDIA executive further explained how jobs could be affected by AI, predicting that it is “wise” to expect that “in the future, some jobs will be obsolete, many new jobs will be created, and most jobs will be changed.”
Although Huang noted that AI is creating jobs across the US through factories, data centers, chip factories and computer factories that need to be built to advance the technology.
“The number of trade skills jobs we are creating in the United States is truly extraordinary,” he said. “I’m very happy to see it, and that’s a whole segment of our economy and a whole society that we would really like to build in the United States so that we can become a reindustrialized country again.”
Nvidia President and CEO Jensen Huang discusses how artificial intelligence will reshape the workforce, arguing that while some functions may become obsolete, many new jobs will be created as AI transforms existing industries.
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To address the potential unemployment caused by AI, he said: “One of the things that is really helpful is thinking about work, thinking about jobs, both as a task involved in the job and as the purpose of the job.”
Huang further spoke about the progress of AI, saying that while it is already “super intelligent” in “small spaces,” it will “change every month.”
“This year is going to be a pretty big breakthrough for artificial general intelligence, and we’re seeing that now,” he said. “We’ve seen the floodgate for business use of AI really starting to grow, so this is a great time.”
The full interview with Jensen Huang airs Thursday at 3pm EST.
