Nvidia's second GTC of the year took place in Taipei, Taiwan this week, with CEO Jensen Huang repeatedly assuring that "useful AI" (read: AI that makes a return on investment) has arrived. As for AI's wider-ranging effects on the economy, Huang expressed some scepticism on stage.
"People talk about AI reducing jobs—complete nonsense," Huang said during his on-stage presentation. "It's causing more software engineers to be hired, and the reason for that is very simple. If you can hire a software engineer and you could generate $9 trillion worth of productive work, why wouldn't you want to hire more software engineers?"
Huang had earlier argued during his presentation, "30 million software developers, representing about $3 trillion worth of GDP, producing three—that's what they're paid—$3 trillion worth of salaries per year, which is generating economic growth for the rest of the industries. Say $100 trillion of the world's industries is impacted...is generated by $3 billion worth of salary [for software engineers]."
It's a little unclear...
English (US)