"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" to disappear but result in new jobs becoming "invented.""
""One thing for sure, every job will be changed as a result of AI," Huang said. 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."
Nvidia reported fiscal second-quarter sales of $46.74 billion and holds a market capitalization of $4.39 trillion. Data center revenue climbed 56% year-over-year to $41.1 billion. Jensen Huang anticipates that AI will change every job, cause some roles to disappear, and lead to the invention of new jobs. AI and automation are expected to strengthen the economy and improve humanity's quality of life. Widespread AI use is predicted to create more millionaires in the next five years than the Internet did in two decades. AI is described as a technology equalizer that enables programming via plain-English prompts and new creative commerce.
Read at Entrepreneur
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