Nvidia CEO Jensen Huang calls AI the ‘greatest equalizer of our time', predicts it will create more millionaires than the internet
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
25 minutes ago
- Time of India
Elon Musk-led Tesla to pay $243 mn in Florida crash case: Jury finds autopilot technology partly at fault; EV maker calls verdict 'wrong'
Elon Musk-led Tesla to pay $243 mn in Florida crash case A federal jury in Miami has ruled that Tesla must pay over $200 million in damages after finding its Autopilot driver-assist technology was partly responsible for a fatal 2019 crash that killed 22-year-old Naibel Benavides Leon and severely injured Dillon Angulo in Florida. The jury awarded $200 million in punitive damages and $43 million out of a total $129 million in compensatory damages to be paid by Tesla, concluding that the company's driver-assist system failed and bore significant responsibility for the crash. This decision makes Tesla liable for nearly two-thirds of the total damages, reported AP. The verdict also comes at a critical time for CEO Elon Musk, who is pushing to expand Tesla's autonomous vehicle technology and roll out a driverless taxi service in multiple US cities. The incident occurred when George McGee, who was driving a Tesla vehicle, ran through flashing lights, a stop sign, and a T-intersection at 62 mph, crashing into the parked Chevrolet Tahoe. Responding to the ruling, Tesla issued a statement calling the verdict 'wrong,' and argued that it undermines the industry's efforts to develop lifesaving technology.'Today's verdict is wrong," and only works to set back automotive safety and jeopardize Tesla's and the entire industry's efforts to develop and implement lifesaving technology'. They said the plaintiffs concocted a story 'blaming the car when the driver from day one admitted and accepted responsibility. ' The plaintiffs' lead attorney Brett Schreiber, conceded that the driver, George McGee, acted negligently by running through flashing lights, a stop sign, and a T-intersection at a speed of 62 miles per hour before crashing into a parked Chevrolet Tahoe. 'I trusted the technology too much,' McGee said during his testimony. 'I believed that if the car saw something in front of it, it would provide a warning and apply the brakes.' However, Schreiber maintained that Tesla also bore responsibility. He argued that the company enabled dangerous driving behavior by failing to automatically disable Autopilot when drivers became distracted, and by permitting its use on roads like the one McGee was on—routes the system wasn't intended to operate on. Tesla's lead defense attorney in the Miami trial, Joel Smith, responded by emphasizing that the company clearly instructs drivers to stay attentive and keep their hands on the wheel. He said McGee ignored those warnings while searching for a dropped cellphone and was speeding, increasing the risk. Smith pointed out that McGee had driven through the same intersection 30 to 40 times without incident, concluding, 'The cause is that he dropped his cellphone. ' Jury called out Tesla's use of the term 'Autopilot' as Schreiber argued that while other automakers use terms like 'driver assist' or 'copilot,' Tesla's branding gave consumers a false sense of full autonomy, leading to over-reliance on the system. Lawyers for the family of the deceased also claimed that Tesla either hid or lost key evidence, including data and video recorded seconds before the accident. Financial analyst Dan Ives of Wedbush Securities comments on the verdict, 'It's not a good day for Tesla. It's a big number that will send shock waves to others in the industry.' The ruling marks a rare outcome in product liability litigation against Tesla. A car crash lawyer Miguel Custodio, said, 'This will open the floodgates.' 'It will embolden a lot of people to come to court.' Several similar lawsuits have been filed against the company in recent years, but many have been dismissed or settled before reaching trial. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
News18
31 minutes ago
- News18
144 Missiles, Hypersonic Firepower: This Next-Gen Warship Will Be India's Largest Ever
Last Updated: The Project-18 destroyer will rival cruisers operated by major naval powers and serve as a symbol of India's growing maritime assertiveness Amid escalating global conflicts and rising geopolitical tensions, India is accelerating efforts to modernise its armed forces, especially its naval capabilities. In response to the evolving security landscape shaped by wars in Ukraine, Gaza, and Southeast Asia, the Indian Navy has launched its most ambitious warship program yet, Project-18, a next-generation destroyer designed to dominate the seas with unmatched firepower and cutting-edge technology. At the heart of the project lies a massive 13,000-tonne stealth destroyer, India's biggest and most powerful surface combatant to date. Significantly larger and more technologically advanced than the current Visakhapatnam-class, the Project-18 destroyer will rival cruisers operated by major naval powers and serve as a symbol of India's growing maritime assertiveness. Project-18 Design The destroyer will carry an unprecedented 144 vertical launch missile cells, giving it the highest missile capacity of any Indian warship. These include: With this configuration, Project-18 will not only deliver overwhelming firepower but also offer layered, multi-domain defence, capable of targeting enemy aircraft, missiles, ships, submarines, and land installations. Complementing its weaponry is a next-generation radar and sensor suite developed jointly by the DRDO and Bharat Electronics Limited (BEL). Four large Active Electronically Scanned Array (AESA) radars, including S-band and volume search radars, will provide 360-degree tracking of aerial and surface threats at distances beyond 500 km. A multi-sensor mast and electronic warfare systems will enhance its ability to operate in heavily contested environments, including those involving jamming and cyber interference. A Warship Born Of 'Make In India' Project-18 reflects the Centre's push for self-reliance in defence manufacturing. Nearly 75 percent of the systems and components are expected to be indigenously sourced. The ship will feature a fully integrated electric propulsion (IEP) system, advanced stealth shaping, and the capability to operate autonomous underwater drones for mine detection and anti-submarine operations. Two multi-role helicopters will also be deployed on board, aided by a rail-less traversing system for quick deployment and storage. According to the latest projections, the final design blueprint for the Project-18 destroyer is expected to be completed by 2028, with construction and delivery scheduled through the next decade. Mazagon Dock Shipbuilders Limited (MDL) and Garden Reach Shipbuilders and Engineers (GRSE) will spearhead production. The destroyers will become a cornerstone of the Indian Navy's long-term vision to operate 170–175 warships by 2035, significantly expanding its blue-water capabilities. These ships will be crucial in countering China's increasing naval footprint in the Indian Ocean Region and maintaining India's influence across critical maritime chokepoints in the Indo-Pacific. view comments First Published: August 02, 2025, 11:06 IST News india 144 Missiles, Hypersonic Firepower: This Next-Gen Warship Will Be India's Largest Ever Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
38 minutes ago
- Time of India
BYD's July production falls for first time in 17 months as expansion spree slows
BYD 's vehicle production fell 0.9 per cent in July from a year earlier, ending a 16-month growth streak that has catapulted the Chinese automaker into the world's largest electric vehicle maker. BYD made 317,892 electric vehicles and plug-in hybrids (PHEVs) globally last month, while sales edged up 0.6 per cent to 344,296 vehicles, slowing sharply from a 12 per cent increase in June, according to a monthly filing with the Hong Kong Stock Exchange. Its EV sales and production still grew in July versus last year, but PHEV sales dropped 22.6 per cent and production shrank 24.6 per cent. The company last saw shrinking production in February 2024, in line with an industry-wide fall due to the timing of China's Lunar New Year holiday, which fell in February versus January in the prior year. Sales contracted in February 2024 as well. BYD, which is the biggest Chinese rival to Tesla, saw both production and sales hit record highs in the fourth quarter of 2024 before trending down this year. With electric car sales accounting for 41 per cent of its more than 4 million vehicle sales last year, BYD has overtaken the US EV specialist as the world's top EV seller. BYD, engaged in a bruising price war in the world's largest auto market, has slowed its production pace in recent months by reducing shifts at some factories in China and delayed plans to add new production lines, Reuters reported in June.
