Speaking at the ongoing World Economic Forum in Davos, Switzerland, Huang said AI is the foundation of the world’s largest infrastructure buildout in human history.
- Huang said that AI is driving the growth of jobs across the world, not only creating new ones but also adding value to existing jobs.
- The AI bellwether’s chief dismissed concerns of AI destroying jobs, while noting that artificial intelligence is leading to a surge in demand for jobs in fields such as radiology.
- Huang also pointed to the demand for plumbers, electricians, construction workers, steelworkers, network technicians, and teams responsible for installing and operating advanced equipment.
Nvidia Corp. (NVDA) CEO Jensen Huang on Wednesday compared artificial intelligence to core infrastructure like electricity and roads.
Speaking at the ongoing World Economic Forum in Davos, Switzerland, Huang said AI is the foundation of the world’s largest infrastructure buildout in human history.
Nvidia shares were up 0.3% in Wednesday’s pre-market trade. Retail sentiment on Stocktwits around the company trended in the ‘neutral’ territory at the time of writing.
Adding Value To Jobs
Huang said that AI is driving the growth of jobs across the world, not only creating new ones but also adding value to existing jobs.
The AI bellwether’s chief dismissed concerns of AI destroying jobs, while noting that artificial intelligence is leading to a surge in demand for jobs in fields such as radiology. Huang also pointed to the demand for plumbers, electricians, construction workers, steelworkers, network technicians, and teams responsible for installing and operating advanced equipment.
Giving an example of how AI is adding value to jobs, Huang pointed out that AI has allowed radiologists to study scans faster.
“The fact that they’re able to study scans now infinitely fast allows them to spend more time with patients,” he said, adding that AI enables greater interaction with patients.
AI’s Five-Layer Cake
Huang described AI as a “five-layer cake” that comprises energy, chips and computing infrastructure, cloud data centers, AI models, and the application layer.
He added that since every layer of the AI stack needs to be built and operated, this is helping drive job creation across sectors like energy and construction, advanced manufacturing, cloud operations, and application development.
However, Huang picked the application layer as the one that will ultimately witness economic benefit. He cited the integration of this layer into financial services, healthcare, and manufacturing as the reason for his thesis.
NVDA stock is down 5% year-to-date, but up 29% over the past 12 months.
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