Nvidia’s chief executive officer, Jensen Huang, addressed concerns about the recent sell-off in software company shares due to fears of artificial intelligence disruption. Huang, whose company’s technology is pivotal for AI data centres globally, stated that these concerns are unfounded. Nvidia Corporation is a multinational technology company that designs graphics processing units (GPUs) for gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market. Nvidia also produces hardware and software for data science, high-performance computing and artificial intelligence.
Huang believes AI will utilise existing software tools rather than replace them entirely. Speaking at a Cisco Systems event, he dismissed the idea that AI’s emergence would render software obsolete. He argued that software products are tools that artificial intelligence will leverage, not reinvent, emphasising the illogical nature of the market’s reaction.
His comments come as software-related stocks experienced a decline amid worries that AI model developers, such as Anthropic, are releasing tools that could automate significant portions of work currently performed within companies. This automation potential has sparked fears of job displacement and reduced demand for traditional software solutions.
Huang countered this narrative by highlighting Nvidia’s own experience. He noted that Nvidia has extensively adopted AI tools, which has freed up employees’ time, allowing them to concentrate on the company’s core strengths: the design of semiconductors and computer systems. He likened the situation to using existing tools rather than unnecessarily inventing new ones.
