5 days ago

Jensen Huang Says AI Will Create Jobs Despite Disruption

Jensen Huang Says AI Will Create Jobs Despite Disruption
Nvidia’s Jensen Huang counters Bill Gates: ‘AI will change jobs, but also create new ones’ · thehindubusinessline.com

Jensen Huang thinks artificial intelligence will change nearly everyone’s work.

Some jobs may disappear because of AI.

He also expects new kinds of jobs to be created.

Because of this, he believes AI will create more jobs overall than it removes.

Bill Gates has warned that AI could put millions of jobs at risk.

Huang says companies that become more productive may grow and hire more people.

He also says society should help people whose jobs are disrupted.

According to Huang, AI companies currently need more computing power to meet demand.

Key facts

Main speaker
Jensen Huang, CEO of NVIDIA
Contrasting view
Bill Gates warned that AI could rapidly reshape the US labor market and put millions of jobs at risk.
Huang’s forecast
AI will be a net job creator despite eliminating some roles.
Societal response
Huang said society should be sensible, sensitive and supportive toward people affected by disruption.
Business impact
Huang argued that more productive companies may invest in growth and hire more workers.
AI growth constraint
Huang identified computing capacity as the main limitation on AI growth.
AI demand
Huang said AI companies face extraordinary demand and that AI is performing commercially useful, productive tasks.

Quotes

Jensen Huang

NVIDIA chief executive officer discussing AI’s effect on employment

“AI has become useful. It's doing productive work and it's doing productive tasks and the tokens that these AI labs are generating are profitable tokens. And when you're generating something profitable and the demand is so extraordinary, you want to generate more of it. So the thing that's limiting their growth today is not customers, is not their technology, customers are the demand is incredible, what's holding it back now is just compute.”
thehindubusinessline.com
“When companies are more productive, they don't lay off people, they hire more people...the reason for that is because companies have ambitions, most companies do, and I would say the vast majority of the world's companies do.”
livemint.com thehindubusinessline.com

Sources

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