Tech and Finance CEOs Argue AI Creates New Jobs

During the Milken Institute's 2026 global conference, leading executives from the technology and finance sectors argued that artificial intelligence functions as a job creator and a driver of economic growth. Jensen Huang, CEO of Nvidia, stated that AI is the best opportunity for the United States to re-industrialize, asserting that automating specific tasks does not eliminate entire job roles. He criticized science-fiction narratives used by AI doomers, expressing concern that such rhetoric could make the technology so unpopular that people avoid engaging with it.

Supporting this view, Robin Vince, CEO of The Bank of New York Mellon (BNY), claimed AI creates investment capacity and positive operating leverage. He noted that BNY has already integrated the technology extensively, utilizing an AI platform called Eliza 2.0 and approximately 140 digital employees, with AI authoring more than 40% of the firm's code in the first quarter. Jenny Johnson, CEO of Franklin Templeton, added that historical technological shifts have consistently led to the discovery of new needs and essential tools.

While Huang acknowledged recent AI-related layoffs at firms like Coinbase, he maintained that increased productivity allows for a higher volume of projects, ultimately generating more roles than the technology replaces.