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Economic Times
3 days ago
- Automotive
- Economic Times
Nvidia CEO Jensen Huang calls AI the ‘greatest equalizer of our time', predicts it will create more millionaires than the internet
Synopsis Nvidia's CEO, Jensen Huang, predicts AI will create more millionaires in the next five years than the internet did in twenty, democratizing wealth creation by making everyone a programmer, artist, and author. He envisions companies operating both physical and digital factories, with small AI teams generating billions in value. Reuters Nvidia's CEO, Jensen Huang, predicts AI will create more millionaires in the next five years than the internet did in twenty, democratizing wealth creation by making everyone a programmer, artist, and author. He envisions companies operating both physical and digital factories, with small AI teams generating billions in value. Nvidia CEO Jensen Huang is no stranger to making bold claims, but his latest prediction might just redefine how we view the next era of innovation. Speaking on the All-In podcast hosted by venture capitalist Chamath Palihapitiya, Huang forecasted that 'AI will create more millionaires in five years than the internet did in 20.' In an era where AI is evolving faster than policy and public understanding can keep pace, Huang's perspective offers both a reality check and a roadmap for those hoping to ride the next tech wave. The takeaway? The AI revolution is already here, and those who don't adapt may be left behind. When asked why he calls AI the 'greatest technology equaliser,' Huang responded with a transformative view: 'Everybody is a programmer now.' According to the Nvidia CEO, the traditional gatekeeping of coding languages like C++ or Python has faded. With AI interfaces, people now only need to express an idea in natural language to create something powerful. 'Everybody is an artist now; everybody is an author now,' Huang said, explaining that AI bridges the gap between imagination and execution. The CEO believes this accessibility will democratize wealth creation, empower creatives, and allow smaller teams to deliver enterprise-level impact. Huang believes that in the near future, every company will operate two factories—one physical and one digital. 'Tesla builds cars in one factory, and in another, it builds the AI that powers them,' he explained. This model, he claims, will soon apply to every major industrial business, not just tech startups. And the scale? Staggering. Nvidia plans to produce about $500 billion worth of AI supercomputers in Arizona and Texas over the next four years. These machines are expected to drive trillions in economic value across industries. In a conversation during the Hill and Valley Forum, Huang revealed the financial impact of compact, focused AI teams. Citing examples like OpenAI and China's DeepSeek—each initially staffed with about 150 researchers—Huang estimated these teams can produce value worth $20 to $30 billion, or roughly $200 million per person. 'No industry in history has ever had this kind of leverage,' he asserted, underlining how mid-sized teams, when backed with the right resources, can transform markets at lightning speed. In fact, Huang noted, 'I've created more billionaires on my management team than any CEO in the world. They're doing just fine.' In an unexpected insight into Nvidia's internal culture, Huang also shared his hands-on approach to employee compensation. He confirmed that he personally reviews every proposed salary and stock grant at the company—yes, all 42,000 employees—and uses machine learning to sort through recommendations. '100% of the time, I increase the company's spend on OpEx,' Huang said, 'because you take care of people, and everything else takes care of itself.' And yes, he jokingly added, he does 'carry stock options in his pocket.' Huang issued a word of caution for professionals stuck in old ways. 'Anybody who is not using AI is going to lose their jobs to someone with knowledge of AI,' he said. This wasn't framed as a threat, but rather a reflection of the new baseline in skill development. For those who've long felt tech was inaccessible, AI may offer an unexpected second chance to get ahead. 'The barrier between idea and execution has collapsed,' Huang declared.
Economic Times
19-07-2025
- Business
- Economic Times
Jensen Huang would have ditched ‘coding' for ‘physics': Nvidia CEO urges mastering the real world for the next AI wave
Reuters Nvidia CEO Jensen Huang surprised many by saying he'd study physical sciences—not software, if he were 22 today. Speaking in Beijing, he emphasized the future of AI lies in understanding real-world physics, not just coding. During a recent visit to Beijing, Jensen Huang—CEO and co-founder of Nvidia, now the world's most valuable company—was asked a deceptively simple question by a journalist: 'If you were a 22-year-old graduate in 2025 with the same ambition, what would you focus on?' His answer didn't name AI, software, or even coding. Instead, Huang said that a younger version of himself would likely have chosen to study the physical sciences over software science. His response, as reported by CNBC Make It, may sound surprising at first. But look deeper, and it reveals where Huang believes the world—and artificial intelligence—is truly heading. Jensen Huang, who graduated from Oregon State University in electrical engineering and later completed his master's at Stanford, has built his career at the intersection of hardware and software. But his emphasis on physical sciences today isn't just nostalgic. It's strategic. 'The next wave,' Huang says, 'requires us to understand things like the laws of physics, friction, inertia, and cause and effect.' It's not just about data anymore—it's about understanding how data interacts with the real world. Huang sees this evolution as part of AI's natural journey. From the era of 'Perception AI' sparked by breakthroughs like AlexNet in 2012, to today's Generative AI, we are now entering the age of what Huang calls Reasoning AI. But looking forward, he envisions an even deeper transformation: Physical AI. This next wave of AI will require machines not only to reason and predict, but to interact with the physical world in meaningful ways. 'Physical reasoning,' Huang explains, involves abilities like object permanence, force prediction, and situational awareness—skills that are foundational to fields like physics, mechanics, and materials science. And when this reasoning AI is embedded into real-world machines, it becomes robotics—the future of work, industry, and human-technology collaboration. Huang's remarks come at a time when other tech leaders are also returning to foundational sciences. Telegram CEO Pavel Durov recently advised students to master mathematics as the ultimate problem-solving tool, while Elon Musk chimed in with his own recommendation: 'Physics (with math).' The conversation between Durov and Musk—two of tech's most influential figures—went viral not just for the names involved, but for the clarity of their shared message: real intelligence isn't just about flashy tech; it's about clear, logical thinking rooted in hard sciences. Now, with Jensen Huang adding his voice to that chorus, the message is unmistakable. The world's most successful innovators are urging the next generation to dig deeper—not just into apps and algorithms, but into the physical laws that govern our world.
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Business Standard
16-07-2025
- Business
- Business Standard
Nvidia CEO Huang calls Chinese AI models 'world class', lauds innovation
Huang spoke briefly at the opening ceremony of a supply chain expo, one day after the AI giant said it would once again be able to sell its highly popular H20 chips in China Reuters Nvidia CEO Jensen Huang described artificial intelligence models from Chinese firms Deepseek, Alibaba and Tencent as "world class" and said AI was "revolutionising" supply chains, at an exhibition in Beijing on Wednesday. Huang spoke briefly at the opening ceremony of a supply chain expo, one day after the AI giant said it would once again be able to sell its highly popular H20 chips in China. Billionaire Huang is on his third visit to China this year, days after meeting with US President Donald Trump, as his firm walks a tightrope between the world's two largest economies, each of which is battling for global dominance in AI and other cutting edge technologies. Huang is also expected to hold a closed door media event in Beijing later on Wednesday afternoon. The CEO of the world's most valuable firm told state broadcaster CCTV on Tuesday that the Chinese market is massive, dynamic, and highly innovative, and it's crucial for American companies to establish roots in China. On Tuesday, US Commerce Secretary Howard Lutnick said the planned resumption of sales of Nvidia's H20 AI chips to China are part of US negotiations on rare earths. Chinese companies have scrambled to place orders for the chips, which Nvidia would then need to send to the US government for approval, the sources familiar with the matter said. They added that internet giants ByteDance and Tencent are in the process of submitting applications. Nvidia has also announced it is developing a new chip for Chinese clients called the RTX Pro GPU that would also be compliant with US export restrictions.
Economic Times
14-05-2025
- Business
- Economic Times
Nvidia's Jensen Huang gets 46% hike, bags $50 million pay cheque in FY25; Here's his salary breakdown
Reuters Nvidia CEO Jensen Huang After banking on the artificial intelligence spending boom, the pay package of Nvidia Corp. Chief Executive Officer Jensen Huang jumped 46% to nearly $50 million in fiscal 2025. Huang's compensation is up from $34.2 million in the prior year, mainly due to the soaring value of his stock awards. The salary portion of his pay increased to almost $1.5 million, up from $996,514 the prior year, the company said in a regulatory filing. How Huang's leadership changed the company? Under Jensen Huang's leadership, the 30-year-old chipmaker has soared past a $3 trillion market capitalization, cementing its place among the world's most valuable companies. In fiscal 2025, which ended in January, Nvidia's revenue more than doubled to $130.5 billion. And the momentum shows no signs of slowing — sales are projected to jump over 50% this year, fueled by a surge in AI infrastructure spending. Huang, 62, has transformed Nvidia from a leader in computer graphics cards into a powerhouse in AI computing. The company's high-performance chips now play a critical role in training and powering generative AI models, including OpenAI's ChatGPT. Here's complete breakdown of Huang's pay package As per a Fortune report, Nvidia told investors on Tuesday that Huang's fiscal 2025 total compensation, including cash and stock, was valued at $49.9 million, versus $34.2 million the year prior. Huang also saw his first base salary increase in a decade and Nvidia followed it up with fiscal 2025 revenues of $130.5 billion, operating income of $86.8 billion, and three-year total shareholder return of 384%. Huang's compensation is made up of a base salary of $1.5 million, a target cash bonus of $3 million, and an equity award that could be valued as high as $27.5 million, depending on performance, according to a Fortune report. After surging in 2023 and 2024, Nvidia's stock has slipped about 3% this year — weighed down by concern that a trade war and tariffs will slow spending on AI.
