Nvidia CEO Jensen Huang told Y Combinator’s Startup School in San Francisco that AI will eliminate tasks, not jobs, rejecting the white-collar bloodbath narrative as exactly backwards. Goldman Sachs data shows AI is currently eliminating 11,000 net jobs per month in the most affected industries, with roughly 9% of the U.S. workforce, about 15 million people, potentially displaced over the next decade. Huang cited radiology as an example where the number of practitioners grew 12% between 2010 and 2022, contradicting early predictions of obsolescence. He argued that AI allows hospitals to handle a growing patient backlog, paradoxically requiring more radiologists and nurses. Huang’s broader bet is that companies will use AI’s productivity gains to expand what they produce rather than cutting workers, with increasing growth driving more employment.
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