From the article: Wall Street was bristling earlier this month as the chipmaker Nvidia behind the AI boom hit a record market value of $3.92 trillion, narrowly eclipsing Apple’s record of $3.915 trillion set last December.
Just days later, Nvidia became the most valuable company in history, breaking the $4 trillion value ceiling and pushing CEO Jensen Huang up to being the world’s sixth richest person, with a net worth of over $143 billion.
With his bag safely secured for the next several dozen generations, Huang celebrated his dynasty with an ominous warning: „everybody’s jobs will be affected.“
Speaking with CNN’s Fareed Zakaria, Huang repeated the spooky threat, which the broader tech sector has been dining out on for years.
At the center of Huang’s prediction is productivity — the idea that AI will soon produce more market value than human workers, in less time and for a lower cost — though, like many of his peers, he also mixed in the confusing claim that there will still be room for human jobs, which will take as-yet-undisclosed new forms.
„Some jobs will be lost,“ Huang said. „Many jobs will be created and what I hope is that the productivity gains that we see in all the industries will lift society.“
What „lifting society“ means in practice remains to be seen. For all the billions of dollars poured into AI, our tech overlords have refused to use their fortunes to prepare us for the coming AI job apocalypse they insist is right around the corner. Instead, they’ve aligned with politicians bent on the destruction of the social safety net and the privatization of public services for the direct benefit of the ultra-wealthy.
symbha on
It would be really great if we knew the value of a human being before we get rid of their value to the economy.
activedusk on
If he can do that why can t start a GPU company with AI and make the same products?
spastical-mackerel on
So this guy basically gets lucky, accumulates a ton of excess resources, and we’re all gonna just roll over and let him and a few if his buds obsolete us?
Really_McNamington on
Man whose profits come from selling GPUs to AI companies attempts to further inflate the bubble so he gets to go on doing so.
hidden-in-plainsight on
I’d like to spend my time doing Astronomy things, gym things, and library things.
In that order.
couchshredder30 on
Some of you may die, but it’s a sacrifice I’m willing to make
ThunderheadGilius on
Ai isn’t going to kill all jobs.
Folk dont quite grasp the sheer scope and amount of unworkable land there is at present.
People do not grasp the insane impact and change a warming planet will have on future work.
There will be a massive movement north as land opens up in Greenland, Russia and Canada and the global North at large.
Billions of jobs will open up not performable by ai or robots.
We are talking massive refsrming projects which aren’t plug and play.
So the nihilists are wrong. There will be plenty manual labour jobs in future for everyone if they want to work.
AntoineDubinsky on
NVIDIA CEO says he has plans to sell a fuck load more chips
Ftfy
moal09 on
In an ideal world, this would be a good thing, as it would allow us to spend more time doing things we’re actually interested in.
But without something like Star Trek level UBI, this is just a fast track to poverty and massive class inequality.
deekaydubya on
Guess we’ll all learn the hard way that UBI is needed at a bare minimum. How many people will have to die in the meantime?
thinkB4WeSpeak on
You know maybe I’d be happy about this like we don’t have to work anymore. Then I think about our current time where we have the ability to not work as much. Instead the oligarchs have use working all the time while going home to chores. Then every single thing in life is basically a capitalist way of getting money. So if we didn’t have to work it makes me think oligarchs would just use it for malicious purposes like getting rid of everyone who isn’t them.
irate_alien on
if he wants AI productivity to lift society, he must support a value-added tax on AI labor, right?
Enceladuus on
I was here for the 90s and 00s in my youth, and I feel the rest is downhill from there. I know that’s biased to say. I cannot imagine what it would be like for humanity to be born in the AI world.
Seattle_gldr_rdr on
Does anybody else feel like AI is nearing the „peak of inflated expectations“ on the Gartner Hype Curve? This is feeling a lot like the Dot Com bubble of the late 90s. The value-added benefits of tech have stabilized (my smart phone is smart enough and I don’t need a TV bigger than 70″, thanks) so is radically-reduced staffing the only way for tech bros to promise shareholders increased margins?
Vrumnis on
This is going to be forced extinction for many many. Your govts and your corporations have no incentive to keep you alive if you aren’t productive.
See „what we like doing“ has never been a leverage for existence. I had always been how much you can contribute. If your contribution is zero you will be forced to be extinct.
But that’s okay because that’s „good for the planet“ 😂
BureauOfBureaucrats on
This is why people hate CEOs and most leadership these days. Their sheer fucking hubris to think they have everything figured out for us. Mark Zuckerberg is just as bad. I wish we could shove all these tech people adrift on an iceberg.
Gulladc on
I know the “eliminate” part is scary but the “change” part is exciting. My company is super AI forward and the amount of productivity I’ve been able to unlock by offloading tasks to gpt or AI agents is staggering.
Is it just a matter of time before they don’t need me running all of these prompts and kicking off these agents? Idk. I’d like to think no, but maybe. I think for the short-mid term though at least being someone who knows how to leverage it for maximum productivity is a competitive advantage.
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From the article: Wall Street was bristling earlier this month as the chipmaker Nvidia behind the AI boom hit a record market value of $3.92 trillion, narrowly eclipsing Apple’s record of $3.915 trillion set last December.
Just days later, Nvidia became the most valuable company in history, breaking the $4 trillion value ceiling and pushing CEO Jensen Huang up to being the world’s sixth richest person, with a net worth of over $143 billion.
With his bag safely secured for the next several dozen generations, Huang celebrated his dynasty with an ominous warning: „everybody’s jobs will be affected.“
Speaking with CNN’s Fareed Zakaria, Huang repeated the spooky threat, which the broader tech sector has been dining out on for years.
At the center of Huang’s prediction is productivity — the idea that AI will soon produce more market value than human workers, in less time and for a lower cost — though, like many of his peers, he also mixed in the confusing claim that there will still be room for human jobs, which will take as-yet-undisclosed new forms.
„Some jobs will be lost,“ Huang said. „Many jobs will be created and what I hope is that the productivity gains that we see in all the industries will lift society.“
What „lifting society“ means in practice remains to be seen. For all the billions of dollars poured into AI, our tech overlords have refused to use their fortunes to prepare us for the coming AI job apocalypse they insist is right around the corner. Instead, they’ve aligned with politicians bent on the destruction of the social safety net and the privatization of public services for the direct benefit of the ultra-wealthy.
It would be really great if we knew the value of a human being before we get rid of their value to the economy.
If he can do that why can t start a GPU company with AI and make the same products?
So this guy basically gets lucky, accumulates a ton of excess resources, and we’re all gonna just roll over and let him and a few if his buds obsolete us?
Man whose profits come from selling GPUs to AI companies attempts to further inflate the bubble so he gets to go on doing so.
I’d like to spend my time doing Astronomy things, gym things, and library things.
In that order.
Some of you may die, but it’s a sacrifice I’m willing to make
Ai isn’t going to kill all jobs.
Folk dont quite grasp the sheer scope and amount of unworkable land there is at present.
People do not grasp the insane impact and change a warming planet will have on future work.
There will be a massive movement north as land opens up in Greenland, Russia and Canada and the global North at large.
Billions of jobs will open up not performable by ai or robots.
We are talking massive refsrming projects which aren’t plug and play.
So the nihilists are wrong. There will be plenty manual labour jobs in future for everyone if they want to work.
NVIDIA CEO says he has plans to sell a fuck load more chips
Ftfy
In an ideal world, this would be a good thing, as it would allow us to spend more time doing things we’re actually interested in.
But without something like Star Trek level UBI, this is just a fast track to poverty and massive class inequality.
Guess we’ll all learn the hard way that UBI is needed at a bare minimum. How many people will have to die in the meantime?
You know maybe I’d be happy about this like we don’t have to work anymore. Then I think about our current time where we have the ability to not work as much. Instead the oligarchs have use working all the time while going home to chores. Then every single thing in life is basically a capitalist way of getting money. So if we didn’t have to work it makes me think oligarchs would just use it for malicious purposes like getting rid of everyone who isn’t them.
if he wants AI productivity to lift society, he must support a value-added tax on AI labor, right?
I was here for the 90s and 00s in my youth, and I feel the rest is downhill from there. I know that’s biased to say. I cannot imagine what it would be like for humanity to be born in the AI world.
Does anybody else feel like AI is nearing the „peak of inflated expectations“ on the Gartner Hype Curve? This is feeling a lot like the Dot Com bubble of the late 90s. The value-added benefits of tech have stabilized (my smart phone is smart enough and I don’t need a TV bigger than 70″, thanks) so is radically-reduced staffing the only way for tech bros to promise shareholders increased margins?
This is going to be forced extinction for many many. Your govts and your corporations have no incentive to keep you alive if you aren’t productive.
See „what we like doing“ has never been a leverage for existence. I had always been how much you can contribute. If your contribution is zero you will be forced to be extinct.
But that’s okay because that’s „good for the planet“ 😂
This is why people hate CEOs and most leadership these days. Their sheer fucking hubris to think they have everything figured out for us. Mark Zuckerberg is just as bad. I wish we could shove all these tech people adrift on an iceberg.
I know the “eliminate” part is scary but the “change” part is exciting. My company is super AI forward and the amount of productivity I’ve been able to unlock by offloading tasks to gpt or AI agents is staggering.
Is it just a matter of time before they don’t need me running all of these prompts and kicking off these agents? Idk. I’d like to think no, but maybe. I think for the short-mid term though at least being someone who knows how to leverage it for maximum productivity is a competitive advantage.