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As workers worry about AI, Nvidia’s Jensen Huang says AI is ‘creating an enormous number of jobs’

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When it comes to the specter of AI’s labor-displacing potential, Jensen Huang thinks that the American worker has nothing to fear. During a conversation Monday night with MSNBC’s Becky Quick hosted by the Milken Institute — an economic policy think tank, the jovial Nvidia CEO said that AI was an industrial-scale generator of jobs, not the harbinger of mass unemployment that so-called “AI doomers” have often accused it of being.

A number of different topics were broached during the talk, but a central theme that kept coming back was the ongoing economic anxiety surrounding the AI industry and whether it was something Americans should be legitimately worried about. At one point Quick noted: “This is happening so quickly. Is there a bigger dislocation than we’ve seen in the past that leads to greater inequality? And what do we do about that?”

Throughout the night, Huang struck an optimistic note. “AI creates jobs,” Huang asserted during the discussion, adding that “AI is [the] United States’ best opportunity to re-industrialize” itself. Huang noted that the AI industry is powered by a new breed of industrial factories—the kinds producing the hardware that acts as critical infrastructure for the AI business. (Huang’s company notably sells a lot of that hardware.) Those factories necessarily need workers, as does the rest of the blossoming AI industry.

Just because a specific task is automated, that doesn’t mean that a person’s entire job is going to be replaced, Huang reasoned. People who believe this “misunderstand that the purpose of a job and the task of a job are related” but not ultimately the same thing, he said. In other words, Huang’s argument is that even when AI takes over a discrete task within a role, the broader function that employee serves in an organization is likely to remain.

Relatedly, Huang was critical of people who allege AI will dominate humanity or that it will wipe out huge sectors of the economy. “My greatest concern is that we scare…people—all the people that we’re telling these science fiction stories to, to the point where AI is so unpopular in the United States, or people are so afraid of it, that they don’t actually engage it,” he said.

Ironically, much of the “doomer” rhetoric has been generated by the AI industry itself, and critics maintain that such hyperbole has been used as a marketing gimmick designed to gin up buzz and excitement for products that aren’t anywhere near the capabilities that such rhetoric suggests.

It remains to be seen what kind of long-term impact AI will have on the overall economy. That said, reputable financial and academic organizations have suggested that as much as 15% percent of jobs in the U.S. will be eliminated over the next several years as a result of AI.

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China Approves New Brain-Tech Devices in Growing Race With Elon Musk’s Neuralink

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China has stepped up its race to develop brain-computer interface technology, approving a series of brain-related devices as it seeks to challenge Elon Musk’s Neuralink and establish itself as a global leader in the emerging field.

Chinese health regulators have approved several brain-technology products this year, allowing domestic companies to move beyond laboratory research and clinical trials into commercial applications.

Brain-computer interfaces, or BCIs, are technologies that translate electrical signals from the brain into commands that can control computers, robotic equipment and other devices. They are being developed for applications ranging from helping people with paralysis regain movement to diagnosing neurological and cognitive disorders.

One of China’s biggest breakthroughs came in March, when the National Medical Products Administration approved NEO, an implantable BCI developed by Shanghai-based Neuracle Technology.

The coin-sized device is designed for people with severe paralysis caused by cervical spinal cord injuries. It is implanted above the brain and captures neural signals generated when a patient attempts to move their hand.

Those signals are then decoded and used to control a pneumatic robotic glove, allowing patients to perform movements such as grasping objects, picking up items and drinking water.

The approval was significant because it was reported as the world’s first market authorisation for an invasive BCI medical device for commercial use.

China later reached another milestone in July when surgeons performed what was described as the world’s first commercial implantation of an approved invasive BCI. The procedure involved a patient who had lost hand mobility following a spinal cord injury.

Chinese authorities have also approved less-invasive brain technologies.

In August, the country’s regulator approved a device developed by Tianjin-based Tiankai Suishi Intelligent Technology. The system consists of a cap fitted with electrodes that can monitor electrical activity in the brain and assist doctors in assessing cognitive functions.

The company is also developing BCI systems aimed at supporting the early diagnosis of conditions linked to cognitive impairment, while seeking approval for technology related to depression diagnosis.

The developments form part of a broader Chinese government strategy to make BCI a major future industry. Beijing has identified the sector as a strategic area and wants China to have a leading position globally by 2030.

Chinese authorities have also introduced measures aimed at speeding up the approval and commercialisation of BCI products, while investment in the sector continues to increase.

The rapid progress has placed Chinese technology companies in direct competition with Neuralink, the California-based company founded by Musk.

Neuralink has been testing its brain implants in human patients, including people with paralysis. Its trials have demonstrated the ability of participants to control computers using neural signals, with the company also working toward controlling assistive robotic devices through brain activity.

While China has moved ahead in securing commercial approval for an invasive BCI, the two technologies are not identical. Neuralink’s implant uses electrodes that penetrate brain tissue, while China’s NEO device is positioned on the surface of the brain’s protective membrane, a design intended to reduce direct damage to brain tissue.

China’s progress therefore marks an important development in the growing global competition over brain-computer technology, an industry that could eventually transform how people with disabilities interact with computers, robotic devices and other technologies.

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Peter Obi dropped money in Ekiti – Lere Olayinka dismisses ‘I don’t give shishi’ claims

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Lere Olayinka, an aide to the Minister of the Federal Capital Territory, FCT, Nyesom Wike, has dismissed claims that the Nigeria Democratic Congress, NDC, presidential candidate, Peter Obi does not give out money for political campaigns.

Olayinka recalled that Obi “dropped money” for party delegates in Ekiti State during the 2023 elections.

Featuring on AIT’s Democracy Today, the minister’s spokesman insisted that politics is business.

According to Olayinka: “As a politician or a business man, if your competitor wins what happens to you? If you are seeking a contract from somewhere and your competitor wins, what happens to you? You will lose out.

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“Most of us Nigerians, politics is business and service. You can only serve when you get to power.

“You want to serve me, for instance, why do politicians spend money including the US? Don’t politicians spend money on campaigns? They spend money to seek election.

“I contested for the House of Representatives in 2023, in your party primaries, you give people money; so let’s not come on television and start deceiving ourselves and people.

“They said that the candidate of the NDC, Peter Obi does not give ‘shishi,’ it’s a lie. I was a delegate in Ekiti when he was in PDP before going to the Labour Party, he came to Ekiti and dropped money for delegates.”

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