Nvidia CEO talks AI boom, addresses concerns about technology replacing workers [FOX Business Network]
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Source: FOX Business Network
In an exclusive interview on FOX Business, Nvidia founder, CEO and President Jensen Huang expanded on "the big idea" behind the artificial intelligence (A.I.) boom, what it means for human jobs and the company's plan to ramp up its chip production. "A.I. can do a lot of our tasks, but they can't do 100% of our jobs. That's the big idea," Huang told " The Claman Countdown " host Liz Claman on Thursday. "The idea that A.I. would somehow do 100% of somebody's job is very, very unlikely and, quite frankly, impractical for any time in the horizon," he continued. "What is very likely is that A.I. will do 20, 30, 40% of 100% of the jobs in the world." It's been a year of wins for the tech-based, "Magnificent 7" stock as their market cap currently sits at $3.5 trillion – the largest of any U.S. company. Nvidia's latest earnings report showed that in its fiscal third quarter of 2024, revenue was up 17% from the prior quarter and 94% on a year-over-year basis. Operating expenses were u
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