Source: Finance Association
① Although Hwang In-hoon believes that artificial intelligence will change the world, he doesn't think human jobs will disappear; ② He claims that “AI's capabilities are limitless”; ③ He also said, “As artificial intelligence helps companies, the business will naturally expand.”
$NVIDIA (NVDA.US)$Chips are driving the artificial intelligence (AI) revolution, which makes many people worry that they will “lose their jobs” in the near future. The company's CEO Jensen Huang (Jensen Huang) said on Sunday that while he thinks artificial intelligence will change the world, he doesn't think human jobs will disappear.
In a program, he said, “As artificial intelligence helps companies, the business will naturally expand.”
“Employees work for the company. As a result, when the company becomes more efficient, profits increase. I've never seen a company increase in revenue without recruiting more people.” he added.
Regarding the “losing of jobs” that people are worried about, Hwang In-hoon said that even if some jobs are eliminated, “I believe you still want humans to participate because we have good judgment, because there are situations that machines cannot understand.”
When introducing Nvidia's latest GPU chip “Blackwell,” Hwang In-hoon claimed that “the power of AI is limitless.”
“We hope it will surprise us. That's the point. In some fields, such as drug discovery, or designing lighter, stronger materials. We need artificial intelligence to help us explore places in the universe that we would never be able to do on our own.” he said.
humanoid robot
In addition to artificial intelligence, Hwang In-hoon is also very concerned about “humanoid robots.” In an interview not long ago, he predicted that this new category of equipment would become a popular product, and the manufacturing cost would be “far lower” than people expected. He believes that in certain artificial manufacturing environments, robots may be more flexible and more “versatile.”
“Cheap cars sell for $10,000 to $10,000; why can't we buy a humanoid robot at the same price?” he said.
Although Nvidia's stock price has fallen by about 3% in the past month, it has soared by 82.14% since this year, and has risen by more than 200% in the past 12 months. Nvidia is currently one of four US companies with a market capitalization of more than 2 trillion US dollars. The other three are Microsoft, Apple, and Alphabet, the parent company of Google.
As a result, Nvidia remains the “darling” of Wall Street analysts. Goldman Sachs pointed out in its latest report last week that given the company's GPUs are critical to the transformation of artificial intelligence, Nvidia will have more gains in the future.
“Notably, the current increase is entirely driven by earnings growth: the company's price-earnings ratio is only slightly higher than at the beginning of last year.” The name of the bank.
Additionally, Evercore ISI recently expressed firm optimism about Nvidia. The company gave a bull market target of $1,540. “We think investors are underestimating the importance of the chip+hardware+software ecosystem that Nvidia has created,” its analyst said.
Nvidia is expected to release its latest quarterly earnings report on May 22, so let's wait and see!
edit/lambor