From reports obtained by, www.mavishlog.com.ng
In a now trending interview with Columbia Business School, Jensen Huang, the CEO of Nvidia, shared his perspective on the future of the labor market in light of the rapid advancements in Artificial Intelligence (AI). Nvidia, a leading semiconductor company renowned for its Graphic Processing Units (GPUs), Application Programming Interfaces (APIs), chips, systems, and AI software, has been at the forefront of the AI revolution.
AI and the Labor Market: A Paradigm Shift
Addressing concerns about AI’s impact on employment, Huang offered a nuanced perspective. He emphasized that AI itself is not a direct threat to jobs; rather, the real threat comes from individuals who leverage AI to enhance their capabilities. “AI is not going to take your job; the person who uses AI is going to take your job,” Huang stated. Advising the audience on how to stay relevant in the job market despite the advent of AI, Huang revealed, “Use AI as fast as you can, so that you can stay gainfully employed.”
Jensen Huang may seem like the right person to seek advice from regarding AI and the labor market, as his company Nvidia has not only been a trailblazer in AI technology but also in strategic financial maneuvers. For instance, on June 7, 2024, Nvidia executed a 10-for-1 stock split, a move designed to make its shares more affordable and accessible to a broader range of investors.
Pre-split, Nvidia’s shares were trading at around $1,125. Post-split, the price was adjusted to approximately $112.50 per share. This action was carried out due to significant growth in Nvidia’s stock price, fueled by robust performance across its core businesses, including gaming, data centers, and artificial intelligence. The primary objective of the stock split was to improve liquidity and make the stock more attractive to smaller investors, without altering the company’s overall market capitalization.
Post-Split Performance: Continued Growth
Trading of Nvidia’s split-adjusted shares began on June 10, 2024. So far, retail investors and employees have been attracted to the stock, contributing to increased overall demand. Since the split, Nvidia’s stock has continued to soar, currently trading at $129.50 on the NASDAQ. This represents a notable rise of approximately 15.1% from the adjusted split price of $112.50.
