- Jensen Huang and Satya Nadella have ruled out fears of an AI bubble
- AI and robotics affect all industries, not just the technology sector
- New jobs could be created, but upskilling and adaptation are a must
Nvidia CEO Jensen Huang has claimed that humanity is seeing one of the biggest revolutions in human history from artificial intelligence and robotics.
Speaking at the World Economic Forum in Davos, Switzerland, Huang dismissed fears of an AI bubble by saying that artificial intelligence is reaching all sectors – it’s not just a term used in tech companies.
“The spot price of rent is going up. Not just the latest generation, but two generations of old GPUs,” Huang argued in an interview with Blackrock CEO Larry Fink (via The register), citing the sheer reach of AI.
AI bubble fear
It has already been seen that AI requires ongoing investment across data centers, but energy infrastructure is also under greater pressure than ever before, and the demand for skilled professionals is just as high.
Microsoft CEO Satya Nadella also ruled out an impending AI bubble when he also spoke at Davos, noting: “I think a telltale sign of whether it’s a bubble would be if all we’re talking about is the tech companies,” he said, noting AI’s global and interdisciplinary reach.
We’re also seeing artificial intelligence evolve into physical devices, with Huang saying robotics offers a “once-in-a-generation” opportunity for European manufacturing.
Huang also made positive remarks about the effects of AI on the labor market – he believes that “craftsmanship” will be essential to the construction of data centers and infrastructure. “This is the biggest infrastructure expansion in human history and it’s going to create a lot of jobs,” he said.
Nadella’s opinion differed, focusing instead on jobs affected by AI. He compared today’s landscape to past workforce trends where potential employees had to prove competency across various office software such as Word and Excel. AI upskilling is just the next phase of that.
In short, it’s clear that both leaders see AI and robotics drastically changing the way we see work, but how that translates into job creation or job loss remains to be seen.
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