Source: Fortune.com
Summary
Nvidia CEO Jensen Huang says AI will automate tasks, not eliminate jobs. Speaking at Y Combinator’s Startup School, Huang argued that while AI will change many jobs, it will also create new ones. He cited the example of radiology, where AI has helped with image analysis, but the number of practicing radiologists has actually grown. Huang believes that companies will use AI’s productivity gains to expand their output, driving more employment.
Our Reading
The numbers tell one story. Goldman Sachs estimates that AI is helping to cut 11,000 net jobs per month in the most AI-affected industries. However, Huang’s argument is that tasks are not the same as jobs. Nvidia’s CEO is betting that companies will use AI’s productivity gains to expand their output, rather than cutting workers en masse. The distinction between tasks and jobs could define whether the future of work brings mass unemployment or a new wave of growth and opportunity. The narrative about AI destroying jobs is exactly backwards, Huang said.
Author: Evan Null
