NVIDIA Corporation (NVDA.US) currently invests between USD100 billion and USD150 billion annually in supply chain partners in Taiwan, CEO Jensen Huang said.He stressed that AI will not lead to massive layoffs; instead, it helps companies avoid job cuts and achieve greater success. The more AI a company uses, the higher its productivity, enabling it to hire more employees.Related NewsEU Fines Temu USD230M for Violating Illegal Goods Sales RegulationsHuang also revealed the company's plan to build a large new corporate campus in Taipei named Constellation, which is expected to break ground by the end of this year and be completed in 2030. (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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