By Zev Fima
Publication Date: 2026-01-21 20:56:00
Nvidia CEO Jensen Huang said Wednesday that artificial intelligence will lead to more jobs, not fewer. In an interview with BlackRock CEO Larry Fink at the World Economic Forum in Davos, Switzerland, Jensen methodically explained how AI differs from other technological innovations of the past and how it can be an incredible engine for economic growth and prosperity. Jensen’s sitdown with Fink, who co-chairs the WEF, was a high-level conversation about what AI is and what it is not, and what investments are needed and why, and how much. At the heart of the exchange, the CEO of Club name Nvidia said that AI is a platform shift. Examples of platforms include personal companies, the internet, smartphones, and the cloud — both physical and digital infrastructure that applications that we all use in our daily life are built on top of. Just as those platforms laid the foundation for so much economic growth, so too will AI. While ChatGPT and other large language models may technically be applications themselves, the difference is that new, AI-oriented applications will be built on top of these LLMs. Jensen sees five layers to the buildout of the AI platform: (1) enough energy to run everything; (2) chips/compute infrastructure, where Nvidia dominates; (3) cloud infrastructure/services; (4) AI models; and (5) the application layer, which is the key layer where the economic benefits of AI will be realized. Tempering the not-so-irrational fears out there about AI replacing human…