Nvidia CEO Jensen Huang says artificial intelligence will expand the global economy dramatically, reshaping jobs rather than eliminating work altogether.
In a new interview with Time, Jensen Huang says AI’s primary effect will be to remove low-value tasks from jobs, allowing people to focus on more meaningful work.
“What AI will do is to make tasks that we do in our job more efficient. Our job is not to wrangle a spreadsheet. Our job is not to type into a keyboard. Our job is generally more meaningful than that.”
He says those efficiency gains translate directly into growth, not contraction, while pushing back on the idea that global economic output has a natural ceiling.
“I’m fairly confident that AI will drive productivity, revenue growth, and therefore more hiring. There’s a belief that the world’s GDP is somehow limited to $100 trillion. Well, what’s likely to happen is AI is going to cause that $100 trillion to become $200 trillion, $300 trillion, $500 trillion. There’s no fundamental limit to the size of a GDP.”
Huang also argues that today’s economy excludes much of the world’s population, believing that AI will broaden participation as well as expand output.
“And the number of people in the world that are participating in this GDP, in the $100 trillion GDP, is actually quite small.”
As the global economy grows in the age of AI, Huang believes that the labor force has to adapt.
“Everybody’s jobs will change as a result of AI. Some jobs will disappear. Obviously, with every single industrial revolution, some jobs are just gone. A whole bunch of new jobs are created. Everybody will have to use AI, because if you don’t use AI, you’re going to lose your job to somebody who does.”
Huang’s comments follow U.S. Commerce Secretary Howard Lutnick’s view that America’s economy will grow 5% to 6% with workers witnessing higher wages. Legendary investor Bill Gurley recently urged workers to become fully AI-enabled because it would be the baseline requirement as companies adopt intelligent systems.
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