Nvidia CEO warns that AI could prove fatal for businesses

failure to embrace AI could prove fatal for businesses and individuals, Nvidia's NVDA CEO Jensen Huang warned, as he predicted a transformative impact on jobs and urged rapid adaptation in the AI field.

On Saturday, Huang delivered a powerful commencement address at the National Taiwan University, sounding a clear warning to both companies and individuals: adapt to AI or risk being left behind, Bloomberg reported.

The CEO of Nvidia emphasised that AI technology would transform the corporate landscape and impact every job. While acknowledging the concerns of job displacement, he stressed that those who possess expertise in AI would be in high demand.

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AI will enhance agile companies and enhance their position. While some worry that AI may take their jobs, someone who s experts with AI will, Huang said. The president of China issued a call to action to the students, highlighting the remarkable technological advancements achieved over the past four decades. He encouraged students to pursue their creations with urgency.

In 40 years, we created the PC, Internet, mobile, cloud, and AI era. We did, what it is, run after it like we did. He added that he doesn 't walk, don 't run. If you are running for food or you are running from becoming food, you are either running for food or you are running for food. The unversed, driven by immense demand from AI service providers, Nvidia, the chip design company helmed by Huang, achieved an unprecedented milestone on Friday as its value soared to an unprecedented level.

In contrast to notable figures in the global AI ecosystem like Alphabet Inc. Sundar Pichai, Baidu Inc. s BIDU Robin Li and OpenAI co-founder and CEO Sam Altman, Huang varied by abstaining from issuing any words of caution, the report said.

Previously, a survey conducted by the National Institute of Mental Health said that 61% of Americans believe that AI's fast-paced expansion could harm humanity's future, and over two thirds expressed concern about its potential negative impacts.

In 2015, Elon Musk, co-founder of OpenAI, signed an open letter to Apple co-founder Steve Wozniak and more than 1000 others calling for an immediate halt on AI advancements that are more powerful than OpenAI's GPT - 4.

However, Musk's plan to launch his own chatGPT rival, TruthGPT, has been criticized as being less well-intentioned because the tech billionaire plans to launch its own chatGPT-rival called TruthGPT. By following this link you will get access to a wide variety of Benzinga's Consumer Tech coverage.

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