Nvidia, the world’s most valuable company with a market capitalization of $4.39 trillion at the time of writing, beat revenue expectations for its fiscal second quarter, reporting sales of $46.74 billion on Wednesday after market close.
Nvidia posted that data center revenue was up 56% from a year prior, reaching $41.1 billion.
The company’s longtime CEO, Jensen Huang, told Fox Business Network’s The Claman Countdown on thursday that AI, which Nvidia is advancing, would cause “some jobs” too disappear but result in new jobs becoming “invented.”
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“One thing for sure,every job will be changed consequently of AI,” Huang said.
Nvidia CEO Jensen huang. Photo by Wan Quan/VCG via Getty Images
huang also told Fox Business that he expects the economy to be doing “very well” in the future due to AI and automation, and stated that the quality of life for humanity would improve.
Huang’s remarks add to what he said last month on an episode of The All-In Podcast. On the podcast,Huang stated that the “one thing we know for certain” is that people who use AI will replace those who don’t.He predicted that AI use will lead to more millionaires in the next five years than the internet produced in two decades.
Related: How Nvidia CEO Jensen Huang Transformed a Graphics Card Company Into an AI Giant: ‘One of the Most Remarkable Business Pivots in History’
Huang also called AI the “greatest technology equalizer of all time” as it allows anyone to program by simply using plain English prompts (a practice known as “vibe coding”), which even Google CEO Sundar Pichai is experimenting with.