Nvidia CEO Warns AI Could Cut Jobs Without Innovation

Jensen Huang, CEO of Nvidia, cautions that artificial intelligence could lead to significant job losses if industries fail to innovate. While AI promises productivity gains, Huang warns that stagnation could result in unemployment spikes, echoing concerns raised by Anthropic CEO Dario Amodei about the potential elimination of half of entry-level white-collar roles.

The AI-driven tech boom has fueled both Optimism and anxiety. A 2024 Adecco Group survey reveals 41% of tech CEOs expect workforce reductions due to AI within five years, while the World Economic Forum projects similar cuts by 2030. Huang maintains a balanced view: "Everybody's jobs will be affected. Some jobs will be lost. Many jobs will be created."

Nvidia, briefly valued at $4 trillion, remains at the forefront of AI infrastructure, powering models for tech giants like Microsoft and Google. Huang emphasizes historical precedent—technological advancement has consistently reshaped labor markets while ultimately elevating living standards.