Nvidia CEO Counters Gates: AI Will Be a Net Job Creator

Nvidia CEO Jensen Huang has pushed back against Bill Gates' warnings about AI-driven job losses, arguing that artificial intelligence will ultimately be a "net job creator" even as it transforms the workplace. In an interview with FOX Business, Huang said AI would change jobs across industries, with some roles being eliminated while many new ones are created. "Everybody's jobs will be changed because of AI.

My job has changed. And some jobs will be eliminated, many new jobs will be created," he said. "I believe again that this will be a net job creator.

His comments come after Gates raised concerns in a new essay that AI could rapidly reshape the US labour market and put millions of jobs at risk. Huang acknowledged that many jobs would be disrupted by AI and said society needed to be "sensible, "sensitive" and "supportive" in addressing the impact. He argued that greater productivity would not necessarily lead companies to cut jobs.

Instead, more productive and profitable companies would be able to invest in growth and hire more people. "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," he said. Huang also highlighted that AI has become commercially useful, with AI companies seeing strong demand for their services.

He said compute capacity is now the main constraint on AI growth. "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. Huang has called for more computing capacity to support the growth of AI labs.

He also highlighted the broader adoption of AI beyond leading AI labs, saying the technology is increasingly being used by enterprises and across sovereign and cloud AI platforms worldwide. Commenting on its advanced AI computing platform Vera Rubin, he said, "This is going to be the fastest product launch we've ever had in history....Rubin is going to be even faster...So it's going to be a huge year next year.