Nvidia Exec Admits AI Costs More Than Humans - briefly
(hx) 10:38 PM CEST - Apr,29 2026
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Nvidia VP of Applied Deep Learning Bryan Catanzaro told Axios that for his team, "the cost of compute is far beyond the costs of the employees," directly contradicting the widespread corporate claim that AI delivers major cost savings.
Over 92,000 tech workers have been laid off in 2026 so far as companies cite AI-driven efficiencies, per Layoffs.fyi tracking.
A 2024 MIT CSAIL study found AI automation is economically viable in only 23% of jobs, with humans remaining cheaper in the other 77%.
Uber burned through its full 2026 AI budget in just four months due to heavy use of tools like Claude Code, prompting its CTO to say the company is "back to the drawing board."
Morgan Stanley projects $740 billion in Big Tech AI capex this year, while McKinsey forecasts $5.2 trillion in related data-center spending by 2030; Yale Budget Lab reports no widespread evidence yet of AI displacing jobs or boosting productivity at scale.
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Updated:09:04 AM CEST Apr,30
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