NVIDIA's Jensen Huang: AI will create more millionaires in 5 years than the internet did in 20

NVIDIA's CEO Jensen Huang has said during a recent interview that artificial intelligence is going to create more millionaires in five years than the internet created in 20 years.

The eye-opening statement from the CEO came from a recent podcast hosted by American venture capitalist Chamath Palihapitiya, where he shared many of his thoughts about the recent AI explosion that is being powered by NVIDIA hardware, and, more specifically, what he thinks about the claim that AI is taking away jobs. According to Huang, he doesn't believe this is the case, but instead, we aren't moving fast enough to create new jobs.

Moreover, Huang believes AI is the "greatest equalizer of all time" and gave an example, such as programming, with the CEO saying everybody is now a programmer as people have no need to learn programming languages such as C++, or Python, as they can simply ask an AI to create their idea in those languages.

Additionally, Huang says the barrier between an idea and its being executed has been minimized dramatically through the existence of AI, and that technical people are becoming more creative, and creative people are becoming more technical.

"AI in my case is creating jobs; it causes people to create things that other people would like to buy. It drives more growth, more jobs, and all that goes together. AI is the greatest technology equaliser of all time," said Huang

Looking to the future, Huang said that companies will soon adopt a two-factory setup: one for the product they are making and another for the AI that is going to drive that product. The NVIDIA CEO used Tesla as an example, with the electric car company having a factory for building the cars themselves, and another factory working on improving the AI that operates the vehicles.

"The one thing that we know for certain is that if you are not using AI you are going to lose your job to someone who is using AI," said Huang