Nvidia CEO Jensen Huang says artificial intelligence has only truly become reliable in the past six months, a shift that's good news for AI adoption but bad news for office workers worried about their jobs.

• Huang says AI hallucinations and errors that plagued the technology for years have largely disappeared recently, making it genuinely useful for tasks like website design, video editing, and legal contracts.
• Businesses are now questioning whether they need to keep hiring, since AI can handle much more work than before.
• Microsoft's offer for 60,000 workers to take buyouts is seen as an early sign companies are preparing to replace staff with AI.
• The real risk isn't the layoffs themselves, since layoffs happen every year, but whether the job market can absorb all the people AI eventually displaces.
• Huang also pointed to strong demand for Nvidia's chips continuing for the next two to three years.

Outlook: Expect more companies to slow hiring and lean on AI, with the bigger question being whether the labor market can keep absorbing the resulting job losses.