Latest news with #MilkenInstitute
Yahoo
18 hours ago
- Business
- Yahoo
Jensen Huang Says AI Will Change Everything—Here's How to Keep Your Job
Nvidia CEO Jensen Huang isn't holding back when it comes to the looming impact of AI on the job market. At the Milken Institute's Global Conference earlier this month, he made it clear: AI will affect every job, and it's happening fast. 'Every job will be affected, and immediately. It is unquestionable,' Huang said. But he didn't stop there. He emphasized that the real risk isn't AI itself, but the people who learn to harness its power. 'You're not going to lose your job to an AI, but you're going to lose your job to someone who uses AI.' Huang's prediction paints a future where those who ignore AI will find themselves replaced by more tech-savvy counterparts. While some tech leaders like Anthropic CEO Dario Amodei are predicting widespread job losses—up to half of all entry-level white-collar positions within five years—Huang takes a different stance. He believes AI will put 30 to 40 million workers back to work by boosting productivity and bridging the global talent gap. 'I would recommend 100% of everybody take advantage of AI,' Huang advised. 'Don't be that person who ignores this technology and as a result, loses your job.' The debate around AI's impact is dividing the tech world. While Axios reported that Anthropic CEO Dario Amodei warns of mass layoffs, others like Mark Cuban point to historical job shifts. 'At one point there were more than 2 million secretaries,' Cuban wrote on Bluesky. 'New companies with new jobs will come from AI and increase total employment.' One thing is clear: ignoring AI is no longer an option. Whether it's a tool for job security or a looming threat, the era of AI-driven transformation is here, and it's moving faster than anyone Huang Says AI Will Change Everything—Here's How to Keep Your Job first appeared on Men's Journal on May 30, 2025 Sign in to access your portfolio
CNA
3 days ago
- Business
- CNA
Milken Institute Asia Summit will continue to be held in Singapore from 2026 to 2028
The annual Milken Institute Asia Summit, which addresses pressing issues in the Asia Pacific, will continue to be held in Singapore from 2026 to 2028. This follows a Memorandum of Understanding signed by the Singapore Tourism Board and Milken Institute. The event provides business leaders and senior government officials with a platform to address challenges, such as geopolitics and climate change. STB said the commitment reaffirms Singapore's position as the world's best city for the Meetings, Incentives, Conferences, and Exhibitions sector.
Yahoo
4 days ago
- Business
- Yahoo
Jensen Huang Says AI Will Change Everything—Here's How to Keep Your Job
Nvidia CEO Jensen Huang isn't holding back when it comes to the looming impact of AI on the job market. At the Milken Institute's Global Conference earlier this month, he made it clear: AI will affect every job, and it's happening fast. 'Every job will be affected, and immediately. It is unquestionable,' Huang said. But he didn't stop there. He emphasized that the real risk isn't AI itself, but the people who learn to harness its power. 'You're not going to lose your job to an AI, but you're going to lose your job to someone who uses AI.' Huang's prediction paints a future where those who ignore AI will find themselves replaced by more tech-savvy counterparts. While some tech leaders like Anthropic CEO Dario Amodei are predicting widespread job losses—up to half of all entry-level white-collar positions within five years—Huang takes a different stance. He believes AI will put 30 to 40 million workers back to work by boosting productivity and bridging the global talent gap. 'I would recommend 100% of everybody take advantage of AI,' Huang advised. 'Don't be that person who ignores this technology and as a result, loses your job.' The debate around AI's impact is dividing the tech world. While Axios reported that Anthropic CEO Dario Amodei warns of mass layoffs, others like Mark Cuban point to historical job shifts. 'At one point there were more than 2 million secretaries,' Cuban wrote on Bluesky. 'New companies with new jobs will come from AI and increase total employment.' One thing is clear: ignoring AI is no longer an option. Whether it's a tool for job security or a looming threat, the era of AI-driven transformation is here, and it's moving faster than anyone Huang Says AI Will Change Everything—Here's How to Keep Your Job first appeared on Men's Journal on May 30, 2025
Yahoo
5 days ago
- Business
- Yahoo
High costs, ‘complex' labor issues are killing Hollywood, report states
Outdated processes within California's film and television industry are driving production and jobs away from the state, according to a new report from the Milken Institute. The dire report, titled 'A Hollywood Reset: Restoring Stability in the California Entertainment Industry,' warns that the decline is likely to continue unless significant changes are implemented. 'While previous disruptions to Hollywood have involved technological disruption, such as the advent of television (in the late 1940s), a strong dollar (in the 1990s), and competitive film incentives (in the early 2010s), never has Hollywood faced all of these issues at the same time,' authors Kevin Klowden and Madeleine Waddoups write. 'Combined with high levels of financial strain facing the studios in the wake of the 2023 strikes, driven by stagnating streaming growth and the loss of prior revenue streams in DVDs and broadcast television, the need to find less expensive locations has never been stronger.' The report specifically targets Los Angeles' permitting system as an area in urgent need of reform, noting it is the most expensive among its peers. For instance, L.A.'s permit application fee is $3,724, significantly higher than New York City's $1,000, London's $540 for large crews, and Atlanta's $400. These elevated costs are partly attributed to FilmLA's independent nonprofit structure, unlike film offices in New York, London, and Atlanta, which receive government subsidies. 'FilmLA has far more additional permit fees and requirements than any other major production hub,' Klowden and Waddoups write, pointing out that in 2023, FilmLA introduced new administrative fees for the use of drones, helicopters, gunfire, explosions, and lane closures. The report also criticizes California's film credit program for its complexity, limited application window, and the requirement for applicants to analyze job creation. The authors argue that this outdated process undermines California's competitiveness. Another factor contributing to productions leaving the state, according to the report, is the industry's 'complex and fractured' labor contract system, which prompts studios to produce projects overseas. 'Across our interviews, independent producers highlighted the patchwork system of labor and studio contracts as adding significant complexity to their productions,' the report states. 'This complexity makes navigating labor in the United States difficult and increases the incentive for studios to produce projects overseas.' The report also cites California's high cost of living and the strong U.S. dollar as contributing factors. A strong dollar makes 'offshoring more lucrative,' as companies can save on benefits by filming in countries with nationalized healthcare systems. Read the entire Milkin Institute report. HollywoodResetRestoringStabilityinCaliforniaEntertainmentReportDownload To address these issues, Klowden and Waddoups propose increasing the budget for California's film and television tax credit program and raising the base incentive rate. They also recommend making the tax incentive program more 'user-friendly' with rolling applications and a streamlined application process. Also, the report proposes that local governments reconsider FilmLA's independent structure, advocating for subsidies to reduce production fees and streamline processes. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
CNBC
5 days ago
- Business
- CNBC
Nvidia CEO: You won't lose your job to AI—you'll 'lose your job to somebody who uses AI'
You probably don't need to worry about a robot taking your job, says Nvidia CEO and co-founder Jensen Huang. You should, however, expect your job status to be threatened by people who understand artificial intelligence better than you do, Huang said at the Milken Institute's Global Conference 2025 on May 6. "Every job will be affected, and immediately. It is unquestionable," said Huang, 62, whose $3.3 trillion company designs some of the computer chips that power popular AI tools. "You're not going to lose your job to an AI, but you're going to lose your job to someone who uses AI." There aren't any job postings on Indeed that AI can do completely on its own, CEO Chris Hyams told CNBC Make It on March 31. But two-thirds of roles on the platform include tasks that AI can perform reasonably well, said Hyams. Humans who can train AI systems to do so are becoming more desirable for employers, said Huang: "There are about 30 million people in the world who know how to program and use this technology to its extreme. The instrument we invented, we know how to use, but the other 7-and-a-half billion people don't."Not every CEO in the AI industry fully agrees with Huang. The tech could eliminate half of all entry-level white-collar jobs within the next one-to-five years, Anthropic CEO Dario Amodei told Axios on Wednesday. "Cancer is cured, the economy grows at 10% a year, the budget is balanced — and 20% of people don't have jobs," Amodei predicted, adding that he sees AI evolving from assisting many entry-level jobs to automating their responsibilities entirely. One potential end result, he said: CEOs will simply stop listing as many new jobs for hire. Companies like Shopify, Duolingo and Fiverr are already encouraging — or mandating — that some, or all, of their employees incorporate AI into their work. At Shopify, managers are encouraged to exhaust those tools before asking for more headcount, according to a company-wide memo from CEO Tobi Lutke. Huang, for his part, has said that AI will lead to at least some job creation, particularly in fields like software engineering and computer programming. "What used to be human-coded softwares running on CPUs are now machine learning generated softwares running on GPUs," he said at The Hill and Valley Forum in April. "Every single layer of the tooling of it ... is being invented right now and it creates tons of jobs at the next layer ... A whole bunch of new trade jobs have to be created." Huang has frequently touted AI's current ability to help workers do their jobs more efficiently. He personally uses chatbots like Google's Gemini and OpenAI's ChatGPT to write his first drafts, he said on a January 7 episode of Wharton organizational psychologist Adam Grant's "ReThinking" podcast. You can also use these tools for more complex projects, he noted at the conference. "If you don't know how to program a computer, you just tell the AI, 'I don't know how to program [computers]. How do I program them?' And the AI will tell you exactly how to [do so]," he said. "You could draw a schematic and show it to it. You could draw a picture and ask it what to do." His recommendation: Get comfortable with AI, especially if you're a student. Billionaire entrepreneur and investor Mark Cuban similarly advises students to learn how to use AI tools. "When I talk to kids today and they ask me what I would do if I were 12 today, my answer is always the same, read books and learn how to use [artificial intelligence] in every way, shape and form you can," Cuban, 66, wrote in a February 17 post on social media platform BlueSky. Since 2019, Cuban has committed millions of dollars to hosting free AI bootcamps for high school students in low-income U.S. areas. His programs aim to help develop "under-appreciated" talent who can ultimately help boost the country's global competitiveness, he told the Wall Street Journal in October 2020. At the conference, Huang expressed a complementary viewpoint. "You could argue that artificial intelligence is probably our best way to increase the GDP," he said. "Don't be that person who ignores this technology ... Take advantage of AI." ,
