Companies That Don't Use Artificial Intelligence Will Be Left Behind, Says Nvidia Boss

Nvidia CEO Jensen Huang. (Photo; Doc. Finance Sina)

JAKARTA - The emergence of Artificial Intelligence (AI) has triggered industrial acceleration from the previous phase. One of the leading AI chip manufacturers, Nvidia believes that the use of AI is very important in the future.

According to Nvidia CEO Jensen Huang, in his inauguration speech on Saturday 27 May 2023, it stated that individuals and companies who do not have knowledge of AI will be left behind.

"A agile company will use AI and increase their position. Companies that are not so will be undermined. While some are worried that AI will take their job, someone who is an AI expert will take it," Jensen Huang said.

Furthermore, Huang denied accusations that people were afraid that their work would be taken over by AI. On the contrary, those who have expertise in AI will steal their jobs.

Huang added that the AI industry will change various elements in the world of work and open up more new opportunities for experienced people who are able to create more vacancies. Therefore, this is the right time to get used to AI technology before it's too late.

"In 40 years, we have created PCs, Internet, mobile, cloud, and now the AI era. What will you create? Whatever it is, pursue it like we did. Run, don't walk. Either you run for food, or you run so you don't become food," said the Nvidia CEO.

Citing CoinSpeaker, Nvidia as a leading company in the design and manufacture of graphics processing units (GPUs), semiconductors, as well as the development of hardware and computer software, is experiencing a peak of its glory. Last week, Nvidia shares jumped 26 percent after reports of strong revenue prospects and increased production scale in response to very high demand.

Impressive growth and market capitalization of more than $950 billion made Nvidia among the next trillions of companies, side by side with Apple, Microsoft, Alphabet, and Amazon.

However, a report from the Goldman Sachs investment bank in March 2023 states that AI has the potential to replace up to 300 million full-time jobs. But on the other hand, AI can also increase the company's profit and profit growth even though it has an impact on increasing loan costs and supply chain problems.