Latest news with #MilkenInstituteGlobalConference
Time of India
a day ago
- Business
- Time of India
Nvidia CEO Jensen Huang finally nails it, warns that every job will be affected by AI — and soon
'Every job will be affected, and immediately. It is unquestionable,' said Huang. 'You're not going to lose your job to an AI, but you're going to lose your job to someone who uses AI.' Is AI replacing workers or helping them get back to work? Live Events Are tech leaders divided over AI and job loss? 'Cancer is cured, the economy grows at 10% a year, the budget is balanced—and 20% of people don't have jobs,' Amodei told Axios. What kind of jobs are being hit first by AI? Are any leaders pushing back on AI doomsday predictions? 'Someone needs to remind the CEO that at one point there were more than 2 million secretaries,' Cuban said. 'There were also separate employees to do in-office dictation.' So what should workers do to stay ahead of AI? Is AI a threat or a tool? 'Don't be that person who ignores this technology.' FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The conversation around AI and jobs just got real. Nvidia CEO Jensen Huang didn't sugarcoat things at this year's Milken Institute Global Conference. He says AI is reshaping the job market immediately, not in the distant future—and if you're not using it, you could be left the 62-year-old billionaire at the helm of Nvidia, says we shouldn't just fear AI—we should learn how to use it. According to him, AI could bring 30 to 40 million people back into the workforce, helping to close the talent gap that's been growing argues that AI tools like generative models will boost productivity, fuel global GDP, and open up new roles across industries. In his words, 'I would recommend 100% of everybody take advantage of AI. Don't be that person who ignores this technology and as a result, loses your job.'The bottom line? It's not AI that replaces you—it's a person using AI smarter and faster than and the divide is growing. While Nvidia's Jensen Huang sees opportunity, others aren't so optimistic. Dario Amodei, CEO of AI startup Anthropic, gave a starkly different view this warned that up to 50% of all entry-level white-collar jobs could vanish in the next five years. That could push unemployment to new highs—even if the economy added that not enough people are aware of how fast these changes are coming. And this warning didn't come out of nowhere—Anthropic just released some of the most powerful AI models to date, including what they call 'the world's best coding model.'While AI is reshaping all industries, some are feeling the pressure faster than others. Software engineering is one of them. Many developers are already seeing automated coding tools replace tasks they used to handle interviewed a former software engineer who's applied to 800 jobs without landing a new role. He called it an 'existential crisis' for the tech field—a space once known for job tools can now generate complex code, analyze bugs, and build entire applications. For companies, it means faster development with fewer people. But for workers, it's a major some voices in tech are offering a more balanced view. Billionaire Mark Cuban took to Bluesky to remind everyone that new tech always changes the job compared the current AI wave to past disruptions. Cuban believes AI will create new industries and new roles, just like past innovations did.'New companies with new jobs will come from AI and increase total employment,' he message from leaders like Huang is clear: learn AI, use AI, or risk being left behind. While some jobs may disappear, many others will evolve. Workers who can adapt—especially by mastering AI tools—will be the ones in isn't just about tech jobs. From marketing to finance, healthcare to education, AI is already impacting workflows. Upskilling is the key. Online platforms now offer courses in prompt engineering, data analysis, AI-assisted design, and 40 million jobs are coming back because of AI—as Huang believes—being ready could mean the difference between opportunity and no denying that AI is changing the job market. But how you respond to that change matters more than ever. Whether you're in tech, sales, creative work, or admin support—AI is now part of the work Huang's advice might just be the most practical takeaway from this entire debate:Because the future of work? It's already here. And AI is a big part of it.A1: Yes, Jensen Huang says every job will be affected immediately, but workers who use AI will stay employed.A2: Nvidia's CEO believes AI can create millions of jobs by improving productivity, while some others warn about job losses.
Time of India
2 days ago
- Business
- Time of India
Nvidia CEO Jensen Huang issues urgent AI warning: "You're going to lose your job to someone who...'
Nvidia CEO Jensen Huang issues urgent AI warning Artificial Intelligence (AI) is no longer a distant concept of science fiction or a futuristic buzzword confined to labs and research centers. It is already deeply embedded in the fabric of the modern workplace, rapidly reshaping how businesses operate, how employees perform their duties, and how entire industries evolve. In a powerful and sobering statement at the Milken Institute Global Conference on May 6, Jensen Huang , co-founder and CEO of Nvidia, one of the world's leading semiconductor companies valued at over $3.3 trillion, issued a compelling warning to workers worldwide: '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 message underlines a critical paradigm shift — the disruption caused by AI won't simply be about outright job loss through automation but about a growing divide between those who harness AI as a tool and those who do not. This revelation compels us to rethink the future of work, the skills needed to thrive, and how society must adapt to this technological revolution. How AI is redefining jobs, not replacing them Contrary to common fears that AI will lead to massive, immediate job displacement, Huang's perspective reveals a more nuanced reality. The technology itself will not necessarily replace workers outright but will transform the very nature of jobs and workplace productivity. AI can automate repetitive, routine tasks but does not fully substitute the creativity, judgment, and complex decision-making humans provide—at least not yet. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ride Home Your Shine100 with lucrative offers Honda Learn More Undo Chris Hyams, CEO of job platform Indeed, supports this viewpoint, noting that while full automation is rare today, nearly two-thirds of job roles include tasks AI can assist with or perform. This means that AI is increasingly integrated into everyday workflows, augmenting human capabilities rather than eliminating jobs entirely. The new competitive edge belongs to those who can collaborate effectively with AI — those who can train, command, and augment AI tools to enhance their productivity and innovation. Huang highlights a startling gap: out of the global population of approximately 8 billion people, only about 30 million are proficient in programming and leveraging AI technologies at an advanced level. This discrepancy indicates a growing knowledge divide, with a small elite group wielding powerful AI instruments, while the vast majority risk falling behind. Jensen Huang's take on AI amid growing fears of job cuts While Huang offers an optimistic view of AI as a transformative tool, other experts warn of more dire consequences. Dario Amodei, CEO of AI safety startup Anthropic, paints a bleaker picture. In an interview with Axios, Amodei suggested that up to half of all entry-level white-collar jobs could disappear within five years due to AI-driven automation and hiring freezes. His scenario envisages a paradoxical future: dramatic technological progress combined with widespread unemployment, where the economy grows, but millions struggle to find work. This chilling forecast underscores the risk that AI may not only automate tasks but also alter corporate hiring practices. Companies might stop creating new positions altogether, relying instead on AI-powered efficiency. Early adopters like Shopify, Duolingo, and Fiverr have already mandated AI integration into employee workflows. Shopify's CEO Tobi Lutke explicitly instructed teams to exhaust AI tools before submitting hiring requests, signaling a profound shift in organizational dynamics. Jensen Huang: AI is generating new career paths Despite concerns, Huang remains hopeful about AI's potential to generate new opportunities. At the Hill and Valley Forum, he emphasized how AI is revolutionizing software development itself. Traditional human-coded software running on CPUs is being replaced by machine-learning-generated software running on powerful GPUs, a transition that spawns new industries, tools, and layers of commerce. This transformation is not merely disruptive; it's generative. The AI revolution is creating new jobs at higher levels of abstraction and specialization, involving tasks such as AI training, data labeling, model fine-tuning, and system integration. As one layer of technology evolves, it opens doors for novel roles and trades previously unimaginable. Jensen Huang on why AI skills are no longer optional A central theme in Huang's message—and echoed by billionaire entrepreneur Mark Cuban—is the urgent need for AI literacy. In today's landscape, understanding how to use AI is no longer a luxury; it's a critical survival skill. Huang reveals that he personally uses AI tools like ChatGPT and Gemini to draft content and solve problems, highlighting how AI is increasingly intertwined with communication, creativity, and daily problem-solving. The technology lowers the barrier to entry, enabling even non-programmers to instruct AI through natural language or visual inputs, effectively democratizing access. Mark Cuban's investment in free AI bootcamps for underserved high school students exemplifies this philosophy. Cuban urges learners to embrace AI early, absorbing its principles and applications to remain competitive in the evolving job market. Real-world AI adoption: Case studies Shopify : Employees must leverage AI tools for workflow automation, with a formal policy to maximize AI utilization before any hiring occurs. Duolingo : Integrates AI-driven tools to improve language-learning products and employee productivity. Fiverr : Encourages AI as part of freelancers' toolkit to boost creativity and efficiency. These examples demonstrate that AI adoption is not a theoretical future but a present-day reality transforming corporate culture and operations. Growth without jobs? The dark side of the AI boom The potential paradox highlighted by Amodei—robust economic growth alongside stagnant or declining job creation—raises critical questions about income inequality, social safety nets, and workforce retraining. Policymakers must grapple with these challenges as AI reshapes labor markets. The knowledge gap Huang describes demands significant investment in education and reskilling programs. Governments, corporations, and educational institutions will need to collaborate to equip the workforce with AI literacy and digital skills, ensuring broad-based economic inclusion. As AI becomes integral to workplaces, concerns about bias, transparency, and control grow. Companies and regulators must ensure AI systems are deployed responsibly, safeguarding workers' rights and maintaining trust. Also read | What is Nvidia CEO Jensen Huang's net worth AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
3 days ago
- Business
- Economic Times
'Don't be that person who ignores this technology': Nvidia CEO warns AI will rewrite the rules of employment
ETtech Nvidia's Jensen Huang claims the real threat isn't AI itself, but humans skilled in using it. From automating tasks to creating new professions, AI's influence is undeniable. In a bold and unsettling prediction, Jensen Huang, co-founder and CEO of Nvidia—the $3.3 trillion chip-making behemoth powering the world's most advanced AI tools—issued a stark warning: 'You're not going to lose your job to an AI, but you're going to lose your job to someone who uses AI.' Speaking to a packed room at the Milken Institute Global Conference on May 6, Huang emphasized that artificial intelligence isn't just a future concern—it's already altering the workplace as we know it. 'Every job will be affected, and immediately. It is unquestionable,' said the 62-year-old tech visionary. The message was loud and clear: those who embrace AI will outrun those who don't. Chris Hyams, CEO of job platform Indeed, echoed Huang's concerns while talking with CNBC Make It . While there may not be jobs that AI can fully automate just yet, nearly two-thirds of roles listed on the site contain tasks AI can handle. In this landscape, humans who can collaborate with, train, and command AI systems are rapidly becoming the most sought-after professionals. And therein lies the new arms race: knowledge. 'There are about 30 million people in the world who know how to program and use this technology to its extreme,' Huang said. 'The instrument we invented, we know how to use. But the other 7-and-a-half billion people don't.' But not every tech leader shares Huang's optimism. Dario Amodei, CEO of AI safety startup Anthropic, painted a grimmer picture. In an interview with Axios , Amodei warned that AI could potentially wipe out half of all entry-level white-collar jobs in as little as five years. In his words: 'Cancer is cured, the economy grows at 10% a year, the budget is balanced—and 20% of people don't have jobs.' His prediction isn't just about automation, but about a hiring freeze. As AI evolves, he suggests, companies might stop creating new jobs altogether. Already, companies like Shopify, Duolingo, and Fiverr are requiring employees to use AI in their workflows. At Shopify, AI tools must be exhausted before hiring requests are even considered, as per an internal memo from CEO Tobi Lutke. Despite the unsettling forecasts, Huang remains optimistic about AI's ability to create new kinds of work. Speaking at another event—the Hill and Valley Forum—he explained that machine-generated software is replacing traditional coding. 'What used to be human-coded softwares running on CPUs are now machine learning generated softwares running on GPUs,' he noted. This shift, he argues, is opening up entirely new layers of industry and trade. 'Every single layer of the tooling is being invented right now, and it creates tons of jobs at the next layer,' he added. Both Huang and fellow billionaire Mark Cuban agree: the real risk is falling behind in AI literacy. On his ReThinking podcast appearance, Huang revealed that he often drafts content using tools like ChatGPT and Gemini. He insists that AI isn't just about coding anymore—it's about communication, creativity, and problem-solving. 'If you don't know how to program a computer, you just tell the AI, 'I don't know how to program,' and it will tell you exactly how to,' he explained. 'You could draw a schematic, or a picture, and ask it what to do.' Mark Cuban, meanwhile, has been putting his money where his mouth is. Since 2019, he's funded free AI bootcamps for underprivileged high school students across the U.S., urging them to embrace AI as early as possible. 'Read books and learn how to use AI in every way, shape and form you can,' he advised. 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 AI in every way shape and form you can. It is a living library that gives you responses and can help no matter who you are or where you live. — Mark Cuban (@ February 18, 2025 at 5:22 AM Huang's final takeaway wasn't just a forecast—it was a call to action. 'Don't be that person who ignores this technology,' he urged. 'Take advantage of AI.' As artificial intelligence accelerates at lightning speed, the most valuable skill may not be technical ability, but adaptability. Whether you're a student, a manager, or someone just trying to hold onto your career, the future belongs to those who work with AI—not against it.
Time of India
3 days ago
- Business
- Time of India
'Don't be that person who ignores this technology': Nvidia CEO warns AI will rewrite the rules of employment
Nvidia CEO Jensen Huang warns that AI won't steal your job—but someone who uses it better might. Speaking at the Milken Institute Global Conference 2025, Huang stressed that all jobs will be impacted immediately. Embracing AI is no longer optional; it's essential for survival in an evolving job market where knowledge, not machines, becomes the sharpest competitor. Tired of too many ads? Remove Ads AI Won't Replace You—But It Will Reshape You Tired of too many ads? Remove Ads From Entry-Level to Exit Door? AI as Co-Worker—and Creator The AI Literacy Imperative Tired of too many ads? Remove Ads 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 AI in every way shape and form you can. It is a living library that gives you responses and can help no matter who you are or where you live. undefined Mark Cuban (@ February 18, 2025 at 5:22 AM The Bottom Line: Adapt or Be Replaced In a bold and unsettling prediction, Jensen Huang, co-founder and CEO of Nvidia—the $3.3 trillion chip-making behemoth powering the world's most advanced AI tools—issued a stark warning: 'You're not going to lose your job to an AI, but you're going to lose your job to someone who uses AI.'Speaking to a packed room at the Milken Institute Global Conference on May 6, Huang emphasized that artificial intelligence isn't just a future concern—it's already altering the workplace as we know it. 'Every job will be affected, and immediately. It is unquestionable,' said the 62-year-old tech message was loud and clear: those who embrace AI will outrun those who don' Hyams, CEO of job platform Indeed, echoed Huang's concerns while talking with CNBC Make It. While there may not be jobs that AI can fully automate just yet, nearly two-thirds of roles listed on the site contain tasks AI can handle. In this landscape, humans who can collaborate with, train, and command AI systems are rapidly becoming the most sought-after therein lies the new arms race: knowledge. 'There are about 30 million people in the world who know how to program and use this technology to its extreme,' Huang said. 'The instrument we invented, we know how to use. But the other 7-and-a-half billion people don't.'But not every tech leader shares Huang's optimism. Dario Amodei, CEO of AI safety startup Anthropic, painted a grimmer picture. In an interview with Axios, Amodei warned that AI could potentially wipe out half of all entry-level white-collar jobs in as little as five his words: 'Cancer is cured, the economy grows at 10% a year, the budget is balanced—and 20% of people don't have jobs.' His prediction isn't just about automation, but about a hiring freeze. As AI evolves, he suggests, companies might stop creating new jobs companies like Shopify, Duolingo, and Fiverr are requiring employees to use AI in their workflows. At Shopify, AI tools must be exhausted before hiring requests are even considered, as per an internal memo from CEO Tobi the unsettling forecasts, Huang remains optimistic about AI's ability to create new kinds of work. Speaking at another event—the Hill and Valley Forum—he explained that machine-generated software is replacing traditional coding. 'What used to be human-coded softwares running on CPUs are now machine learning generated softwares running on GPUs,' he shift, he argues, is opening up entirely new layers of industry and trade. 'Every single layer of the tooling is being invented right now, and it creates tons of jobs at the next layer,' he Huang and fellow billionaire Mark Cuban agree: the real risk is falling behind in AI literacy. On his ReThinking podcast appearance, Huang revealed that he often drafts content using tools like ChatGPT and Gemini. He insists that AI isn't just about coding anymore—it's about communication, creativity, and problem-solving.'If you don't know how to program a computer, you just tell the AI, 'I don't know how to program,' and it will tell you exactly how to,' he explained. 'You could draw a schematic, or a picture, and ask it what to do.'Mark Cuban, meanwhile, has been putting his money where his mouth is. Since 2019, he's funded free AI bootcamps for underprivileged high school students across the U.S., urging them to embrace AI as early as possible. 'Read books and learn how to use AI in every way, shape and form you can,' he final takeaway wasn't just a forecast—it was a call to action. 'Don't be that person who ignores this technology,' he urged. 'Take advantage of AI.'As artificial intelligence accelerates at lightning speed, the most valuable skill may not be technical ability, but adaptability. Whether you're a student, a manager, or someone just trying to hold onto your career, the future belongs to those who work with AI—not against it.
The Star
23-05-2025
- Business
- The Star
Soccer-Ohanian says wife Serena Williams was wary of investing in women's soccer
FILE PHOTO: Alexis Ohanian, founder of Seven Seven Six and co-founder and former executive chairman of Reddit, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 3, 2023. REUTERS/Mike Blake/File Photo (Reuters) -Reddit co-founder Alexis Ohanian said his wife, 23-times Grand Slam champion Serena Williams, had initially tried to talk him out of investing in women's soccer due to what she saw as a lack of infrastructure in women's sports. Ohanian acquired a 10% stake in Women's Super League champions Chelsea last week. His investment of 20 million pounds ($26.89 million) values the London-based club at about 200 million pounds. Ohanian was also the largest shareholder in U.S. National Women's Soccer League side Angel City, which he helped launch to great fanfare in 2020, before it was sold for $250 million in 2024. "Serena actually tried to talk me out of it (starting a women's soccer team in U.S.), because I think she had been so exposed to the infrastructure around women's sports," Ohanian told CNN on Thursday. "Because of her lived experience ... because she had to kick down a lot of doors." Ohanian said there was huge growth potential for Chelsea, who completed a treble of domestic trophies last week following their sixth straight WSL title. "I think a lot of well-intentioned people historically have supported women's sports in a way that ... actually held it back because it was viewed too much as charity. They led with things like, 'Oh, I'm doing this because I have a daughter," he added. "I'm glad the discourse has now shifted ... but there's still so much more work to be done, and I really believe that this club could and should be the first billion dollar club in women's sports." ($1 = 0.7437 pounds) (Reporting by Shifa Jahan in Bengaluru; Editing by Peter Rutherford)
