Key Takeaways
AI has already transformed how many businesses operate. But according to industry insiders, including Nvidia CEO Jensen Huang, current applications are just scratching the surface.
In a recent podcast, Huang depicted a future in which his company’s human workforce is augmented by hundreds of millions of AI agents which are much more deeply embedded in business processes than today’s chatbots.
“Nvidia has 32,000 employees today,” Huang observed . But someday, he said he hopes the company will have 50,000 employees and “100 million AI assistants in every single group.”
Painting a picture of a company equipped with “a whole directory of AIs,” which are themselves able to recruit yet more agents to help with tasks, he predicted that in the future, Nvidia will have “one large employee base” consisting of digital, biological and perhaps even mechatronic workers.
Huang’s vision for the future of Nvidia rejects the notion that mass automation will inevitably lead to job losses.
“When companies become more productive using artificial intelligence” he argued, “the next email from the CEO is likely not a layoff announcement because they’re growing.”
Of course, Huang’s reasoning offers little solace to those who do get caught up in AI-driven layoffs.
Nevertheless, Nvidia itself has managed to avoid the successive waves of job cuts that have affected other technology companies in recent years. The firm even committed to not reducing headcounts at the height of the COVID-19 pandemic when many of its peers were laying off staff in a panic.
Huang’s belief that AI automation will ultimately benefit most people reflects a fundamental truth of economics: increased productivity inevitably leads to growth.
Nvidia itself is a perfect example of this, Huang argued. Despite its number of employees growing linearly, “the chip complexities and the computer complexities we’re building is going up exponentially”.
In parallel, Nvidia’s earnings and stock price have also exploded.
Although the AI productivity boost is being felt in high-tech companies like Nvidia first, Huang said he expects it to extend to other industries in time.
Going forward, he said more jobs will be like his own, but instead of directing human workers, “we are all going to be CEOs of AI agents.”