NVIDIA CEO Jensen Huang outlines AI’s rapid expansion at the World Economic Forum in Davos, calling it the largest infrastructure buildout in human history. AI is reshaping industries and creating jobs in energy, chip manufacturing, cloud operations, and more.

Venture capital investment in AI-native companies is at an all-time high, with most capital flowing to industries like healthcare, manufacturing, and financial services. The application layer of AI is where the largest economic benefit will be seen, transforming industries and creating demand for skilled labor.

AI is not eliminating jobs, but increasing demand in fields like radiology and nursing. AI tools are improving productivity, allowing workers to focus on their purpose and become more valuable. Hospitals are hiring more nurses due to increased productivity from AI tools.

Huang emphasizes that AI is critical infrastructure and every country should treat it as such. He encourages countries to build their own AI capabilities using local language and culture. AI literacy is becoming essential for everyone to learn how to use, manage, and evaluate AI effectively.

AI presents an opportunity for developing countries to narrow technology gaps and for Europe to fuse industrial strength with AI to unlock physical AI and robotics. Huang believes robotics is a once-in-a-generation opportunity, particularly for nations with strong industrial bases. The world is far from an AI bubble, but there is a need for more investment in AI infrastructure.

Read more at NVIDIA: “Largest Infrastructure Buildout In Human History”: Jensen Huang on AI’s “Five-Layer Cake” at Davos