Huang estimates modern agricultural technology could eliminate half a billion farming jobs worldwide.
“We estimated a number of years ago that if you took the most modern agricultural technology, that in the world you might eliminate a half a billion jobs of what's going on in farming, subsides, etcetera.”
Huang believes AI will create jobs at an unprecedented scale because productive companies invest in growth rather than laying off workers.
“When companies are more productive, they don't lay off people, they hire more people. The reason for that is because companies have ambitions ⦠and I would say the vast majority of the world's companies ⦠have ambitions for growth. When they're more productive, when they're more profitable, [it] allows us to invest more and go after more growth. Nonetheless, overall, this is going to be a net job creator at a scale that we have never seen.”