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Nvidia CEO Jensen Huang said that the build-out of infrastructure to support the artificial intelligence (AI) technology boom is boosting the salaries of construction trade workers who are involved with those projects.
The Nvidia co-founder spoke at the World Economic Forum in Davos, Switzerland, and was asked by BlackRock CEO Larry Fink, who is the WEF interim co-chair, about how the rise of AI will change the nature of work.
« First of all, this is the largest infrastructure build-out in human history. That’s going to create a lot of jobs, » Huang said. « It’s wonderful that the jobs are related to tradecraft – we’re going to have plumbers and electricians and construction and steelworkers and network technicians and people who install and fit out the equipment. »
« We’re seeing quite a significant boom in this area. Salaries have gone up nearly double, and so we’re talking about six-figure salaries for people who are building chip factories or computer factories or AI factories, » Huang said.
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BlackRock CEO Larry Fink and Nvidia CEO Jensen Huang discussed the rise of AI at the World Economic Forum. (Krisztian Bocsi/Bloomberg via Getty Images)
« We have a great shortage in that, and I’m really delighted to see so many people in so many countries recognizing this important area, » he added. « Everybody should be able to make a great living. You don’t need to have a PhD in computer science to do so. »
During his discussion with Fink, the Nvidia CEO went into detail about the different levels of AI infrastructure and how they rely upon each other.
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« When you think about AI, you think about the AI models, but it’s really important to understand that industrially, AI is actually essentially a five-layer cake. At the bottom is energy. AI, because it’s processed in real time, and it generates intelligence in real time, it needs energy to do so, » he said.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| NVDA | NVIDIA CORP. | 184.84 | +1.52 | +0.83% |
Huang said that the layers above energy are chips and then cloud services. Above those are AI models, as well as the top layer in his analogy – the application layer in which AI is used for some productive use to generate economic benefits.
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Huang said that the trillions of dollars in investment for AI will boost wages of construction workers involved in the projects. (Patrick T. Fallon / AFP via Getty Images)
« The important thing, though, because this computing platform requires all of the layers underneath it, it has started – and everybody is seeing it right now – it has started the largest infrastructure build-out in human history, » Huang said.
He added that AI’s rise will require « trillions of dollars of infrastructure that needs to be built out » and said that investment will be « sensible because all of these contexts have to be processed so that the models can generate the intelligence necessary to power the applications that sit on top. »
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