Nvidia's Share Surge Implies AI Must Soon Replace Jobs
Australian Financial Review
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Details
- Date Published
- 27 May 2025
- Priority Score
- 2
- Australian
- Yes
- Created
- 29 May 2025, 06:37 pm
Description
The chipmaker’s numbers are breathtakingly good. But to justify its customers’ huge spending, artificial intelligence must start killing careers.
Summary
The article examines the rapid rise of Nvidia as a critical player in the global technology market due to its leadership in AI hardware. It suggests that for Nvidia's current valuation to be justified, AI must significantly impact employment by automating jobs, reflecting broader expectations of AI's role in economic disruption. While it touches on the economic implications of AI advancements, the focus is more on financial markets rather than on direct AI safety or governance. The discussion implies potential societal risks through job displacement but lacks detailed exploration of existential or catastrophic AI risks. The article provides insights into the economic dimensions of AI growth pertinent to global markets.
Body
TechnologyChanticleerPrint articleMay 29, 2025 – 9.26amSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginIt’s less than three years since Nvidia was a specialist computer chipmaker that nobody paid a whole lot of attention to. Now it’s probably the most important company on global sharemarkets – and doesn’t it know it.The company’s earnings calls have become hour-long hype and brag sessions. In these, chief executive and founder Jensen Huang and chief financial officer Colette Kress prosecute the case that the company sits almost alone at the centre ofthe artificial intelligence revolution.Loading...James Thomsonis senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine.Connect withJamesonTwitter.EmailJamesatj.thomson@afr.comSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreChanticleerOpinionAINvidiaJobsFetching latest articlesThe top whisky you can buy without going on a waiting listMax AllenThe luxury travel trend you probably haven’t consideredThe restaurant that’s turning back the clock (in the best way)Trump attacks on unis leave international students in limbo1 hr agoRachael BoltonHow failed architect David Gonski became the chairman of everythingGonski laments the opportunity cost of over-regulationThis tour of Sri Lanka proves there’s no place like homeDavid MeagharEmbrace the season with faux fur and a glam Italian coffee machineA second chance to make a first impression at NGV’s winter blockbusterInheritocracy bad for nation; How Allan Myers rules; AI could kill WFHWhy our new inheritocracy is bad for the countryThe disturbing things I learnt when my name appeared on the Rich List