Nvidia CEO Huang Drops Truth Bomb: AI Will Kill Jobs—But Birth New Ones
Another day, another tech exec preaching the AI gospel—this time with Nvidia's Jensen Huang playing both prophet and economist. The GPU kingpin insists artificial intelligence won't just disrupt labor markets—it'll rebuild them.
Disruption or delusion?
Huang's vision splits the difference: yes, algorithms will vaporize entire professions (RIP middle managers), but they'll also spawn industries we can't yet imagine. Like crypto bros promising generational wealth from memecoins, the narrative hinges on blind faith in innovation's upside.
The real question Wall Street won't ask: when AI slashes 10,000 jobs but creates 100 'prompt engineer' roles at minimum wage, who's counting besides the shareholders?
AI will make some jobs obsolete while creating new jobs, Huang says
Huang added that AI will eventually affect everyone’s jobs. Some of these jobs may become completely obsolete, while new jobs will form. He added that he hopes that increased productivity from AI will lift industries.
Nvidia reached a market value of $4 trillion and is at the forefront of the AI wave. It’s chips power data centres used by Google, Microsoft, and Amazon to run cloud operations and AI models.
Defending AI’s progress, Huang noted that in the past 300 years, and through the computer age, both output and employment have risen. He said new technology helps foster “an abundance of ideas” and fresh ways of building better futures.
AI is set to change how tasks are accomplished. Over half of major U.S. firms are planning to bring automation to their tasks like supplier payments and invoice processing, based on a Duke University survey.
Huang admitted that AI has even altered his own role, but he still has his job. Many companies already use tools such as ChatGPT and other chatbots to accomplish tasks like writing job adverts, press statements, and marketing plans.
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