Use AI or lose your job, warns Nvidia CEO Jensen Huang

Nvidia CEO Jensen Huang has issued his starkest warning yet to workers in every industry: embrace AI or risk being replaced not by a machine but by a colleague who already has. Speaking to Time magazine, Huang made clear that the window for sitting out the AI revolution is closing fast.

Huang predicted that AI will increase global gross domestic product from today’s figure of $100 trillion up to somewhere between $200 and $500 trillion over time, stating there is "no fundamental limit" to economic growth when AI becomes integrated into all industries.

"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 explained in an interview with Time. But Huang took care to make clear that he wasn’t saying this out of malice.

Repetitive mechanical processes like spreadsheet manipulation and data entry will become the responsibility of the AI system, Huang said, allowing humans to concentrate on creative activities.

This was quickly followed by Elon Musk's own tweet in which he reposted Huang's video clip using the word, "True." This shows how the elite tech world seems to have reached a consensus that having AI technology is no longer an advantage, it has become a necessity.

While acknowledging that there would be jobs that would disappear completely, Huang was not hiding behind that aspect of AI.

Instead, he made it clear that there would be new industries and new job categories that would come up along with the disruptions that would be caused by AI, just like the Internet did. The overall outcome would be an economic boom like nothing before it.

As reported by CNBC, Huang confirmed that Nvidia has "largely conceded" China's AI chip market to Huawei following tightening US export restrictions. The company's Chinese market share once estimated at over 90% has fallen to zero. "Nvidia had, you know, call it 90-something per cent of the world's market share.