Nvidia Claims AI Creates Jobs Despite Concerns

Since ChatGPT popularized generative artificial intelligence, a burning question remains: what will be the impact of this technology on employment? These AI models are capable of automating tasks traditionally performed by humans. Additionally, another type of AI, known as an agent, allows chatbots to take control of a computer or browser to perform administrative tasks.

While some, like the CEO of Anthropic, foresee an increase in unemployment, Jensen Huang, the head of Nvidia, remains optimistic. At a conference organized by the American think tank Milken Institute, he stated that artificial intelligence "creates an enormous number of jobs." According to him, the explosion of global demand for AI is prompting players in new technologies to invest in new infrastructures, generating colossal spending.

"It is important to understand artificial intelligence. The first thing it is currently doing is creating a considerable number of jobs. AI creates jobs. It represents the best opportunity for the United States to reindustrialize, as it requires three types of factories: semiconductor factories, computer factories, etc.," he said.

AI also opens new prospects for the energy sector. Huang mentions a $500 billion reindustrialization opportunity for the United States, asserting that there is nothing better than using market forces to reindustrialize a country. He also believes that AI is an opportunity to modernize the American electrical grid, which was in need of it. "If you want to invest in nuclear, or whatever form of sustainable energy you choose, you now have many customers willing to pay for it," he added.

For the record, Nvidia is one of the companies that benefits the most from the rise of artificial intelligence. Once recognized for its graphics cards aimed at video games, Nvidia has become the global leader in chips for training and deploying AI models, such as those used by ChatGPT, Gemini, or Claude. Thanks to the strong demand for its AI-related products, Nvidia has risen to the top of the ranking of the most valued companies in the world. At the time of writing this article, Nvidia's market capitalization exceeds $4.8 trillion.

Nvidia is also investing in AI labs that use its products. The company has formed partnerships with OpenAI and Anthropic, planning investments worth several billion dollars.

Indeed, tech giants like Meta and Google are investing heavily to obtain the computing power necessary for deploying their artificial intelligence models. Partnerships in the energy sector are also multiplying. To power their data centers, many companies are turning to nuclear energy or exploring new innovative solutions to harness clean energy.

However, in the event of overinvestment, this AI boom could also trigger an economic crisis. According to Jensen Huang, AI creates a vast number of jobs and represents an opportunity to reindustrialize the United States by leveraging market forces. He also claims that the AI boom will modernize the American electrical grid. To meet global demand for AI, tech players are investing billions of dollars to build new data centers and power them with energy.