Nvidia’s Jensen Huang says markets ‘got it wrong’ on AI threat to software companies – CNBC

Nvidia CEO Jensen Huang has suggested that market concerns about artificial intelligence displacing traditional software companies are based on a misunderstanding. He indicated that investors have “got it wrong” by assuming AI would diminish the need for human-written software.

Huang’s view posits that AI will not replace software but will instead serve as a powerful tool to enhance it. This perspective suggests that AI will enable the creation of more capable and sophisticated software, making it accessible to a wider range of users and applications.

According to Huang, this acceleration in software development, driven by AI, is expected to lead to a significant expansion within the software industry. Rather than a decline, he anticipates a boom in demand for new and enhanced software solutions.