Nvidia (NVDA) CEO Jensen Huang said fears that AI will replace software companies are misguided, arguing it is illogical to think AI would rebuild core tools from scratch rather than rely on existing software, Reuters’ Nilutpal Timsina and Shivani Tanna report. His comments at an artificial intelligence conference in San Francisco hosted by Cisco Systems (CSCO) came after a global selloff in software stocks sparked by concerns that recent AI advances could disrupt data and professional services industries. “There’s this notion that the tool in the software industry is in decline, and will be replaced by AI … It is the most illogical thing in the world, and time will prove itself,” Huang said.
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