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Nvidia's Jensen Huang says AI could lead to job losses ‘if the world runs out of ideas' [Yahoo! Finance]

NVIDIA Corporation (NVDA)  More Company Research Source: Yahoo! Finance
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
“If the world runs out of ideas, then productivity gains translates to job loss,” said Nvidia CEO Jensen Huang in an interview with CNN's Fareed Zakaria when asked about comments made by fellow tech leader Dario Amodei, who suggested AI will cause mass employment disruptions. Amodei, the head of Anthropic, warned last month that the technology could cause a dramatic spike in unemployment in the very near future. He told Axios that AI could eliminate half of entry-level, white-collar jobs and spike unemployment to as much as 20% in the next five years. Huang believes that as long as companies come up with fresh ideas, there's room for productivity and employment to thrive. But without new ambitions, “productivity drives down,” he said, potentially resulting in fewer jobs. “The fundamental thing is this, do we have more ideas left in society? And if we do, if we're more productive, we'll be able to grow,” he said. The increase in AI investments, which fueled a massive technolog [Read more]
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Stockreport

Nvidia's Jensen Huang says AI could lead to job losses ‘if the world runs out of ideas' [Yahoo! Finance]

NVIDIA Corporation  (NVDA) 
More Company Research Source: Yahoo! Finance
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
“If the world runs out of ideas, then productivity gains translates to job loss,” said Nvidia CEO Jensen Huang in an interview with CNN's Fareed Zakaria when asked about comments made by fellow tech leader Dario Amodei, who suggested AI will cause mass employment disruptions. Amodei, the head of Anthropic, warned last month that the technology could cause a dramatic spike in unemployment in the very near future. He told Axios that AI could eliminate half of entry-level, white-collar jobs and spike unemployment to as much as 20% in the next five years. Huang believes that as long as companies come up with fresh ideas, there's room for productivity and employment to thrive. But without new ambitions, “productivity drives down,” he said, potentially resulting in fewer jobs. “The fundamental thing is this, do we have more ideas left in society? And if we do, if we're more productive, we'll be able to grow,” he said. The increase in AI investments, which fueled a massive technolog [Read more]
IMPACT SNAPSHOT
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NVDA
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Price Change %
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Don't Miss Out On The Next BIG Stock Move
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LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
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Low:
%
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%
PRICE CHANGE
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%
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%
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EVENT DAY
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PERFORMANCE SINCE EVENT
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