Jensen Huang also says AI will automate tasks rather than eliminate most jobs, arguing that productivity gains can expand hiring as demand rises across industries.
Nvidia CEO Jensen Huang said the global semiconductor industry may need to expand to 10 times its current size over the next decade as computing demand broadens beyond human users to AI agents and robots. Separately, speaking at Y Combinator’s Startup School in San Francisco, Huang said AI will automate many tasks but not necessarily eliminate jobs, arguing that every job will change and that new roles will emerge as companies use productivity gains to pursue more ambitious goals. Huang said computers will be used not only by people but also by 100 billion agents and billions of robots, a shift he linked to Nvidia’s efforts to advance its HBM memory roadmap with partners in South Korea and elsewhere. On labor markets, he pushed back on warnings of a white-collar “bloodbath,” saying AI removes tasks tied to a job’s purpose rather than the purpose itself. He pointed to radiology as an example, noting the field has continued to grow despite long-standing predictions that AI would make radiologists obsolete. Goldman Sachs has estimated that AI-affected industries were seeing 11,000 net jobs cut per month earlier this year and that about 9% of the U.S. workforce, or roughly 15 million people, could be displaced over the next decade, but Huang said higher productivity can also drive growth and employment.