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Davos 2026: Jensen Huang On The Five Layer AI Cake, The AI Bubble And Key AI Breakthroughs

Nvidia CEO Jensen Huang said AI spending drives the largest infrastructure buildout ever, nearly doubling wages for skilled trades amid a severe labor shortage.

  • Recently at the World Economic Forum in Davos, Jensen Huang, Nvidia CEO, said AI is a vast infrastructure buildout, rejecting bubble claims in conversation with Larry Fink, BlackRock CEO.
  • Huang framed AI as a multi-layer structure—energy, chips, cloud/data centers, models and applications—each requiring physical construction, operation, security, and funding, creating distinct bottlenecks and costs.
  • Huang pointed to a labor surge, noting urgent demand for tradespeople and that manual builders’ salaries have nearly doubled, with six-figure pay amid workforce shortages.
  • Huang pointed to 2025's $100 billion in venture flows and said rising GPU rental prices and companies shifting R&D show durable, capacity-driven demand.
  • He urged nations to develop sovereign AI infrastructure and said Europe’s manufacturing strength offers a once-in-a-generation chance for pension funds and savers to invest.
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WebProNews broke the news in on Wednesday, January 21, 2026.
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