Robinhood CEO Vlad Tenev says AI will create new jobs, not remove work

As fears develop that synthetic intelligence (AI) will wipe out jobs, Robinhood CEO Vlad Tenev says the other could also be true.

Tenev argues that AI gained’t remove work, however somewhat redefine what it means to have a job.

“AI will result in an explosion of not simply new jobs, however new job households,” Tenev informed FOX Enterprise’ Charles Payne throughout “FOX Enterprise In Depth: The A.I. Arms Race.”

Tenev mentioned skepticism about new expertise is nothing new, evaluating as we speak’s AI shift to the nation’s transition from farm and manufacturing facility labor to workplace and digital work over the previous century.

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“Perhaps 100 years in the past, our ancestors can be what you and I are doing proper now, which is type of like speaking to one another digitally about AI. They suppose, you realize, that is not actual work,” Tenev mentioned.

“I believe in the identical means that they’d most likely not consider what we’re doing as actual work, we’re [going to] look forward on the job households and job alternatives sooner or later,” he added.

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These future jobs, Tenev mentioned, may embrace new types of investing and buying and selling for a residing, roles that many individuals don’t presently view as viable full-time careers.

“Perhaps that is not actual work,” Tenev mentioned.

Vlad Tenev, chief government officer of Robinhood Markets Inc., speaks throughout a Bloomberg Tv interview in London, England, on July 8. (Getty Photos)

“However to the individuals of the longer term, it’s going to undoubtedly really feel very actual and traumatic, and it will have with it all the emotions that we get about our jobs,” he added.

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Tenev argues that technological disruption has at all times reshaped work norms somewhat than eliminating them altogether. He famous that whereas related shifts have occurred earlier than, as we speak’s tempo of change is far sooner.

“Though we have seen disruption like this prior to now, we have now a sense that it is going to be extra speedy,” he mentioned.

“The rate, the speed of change, and the acceleration makes us very nervous.”

Vlad Tenev, chief government officer of Robinhood Markets Inc., speaks throughout a Bloomberg Tv interview in London, United Kingdom, on Nov. 29, 2023. (Jose Sarmento Matos/Bloomberg through Getty Photos / Getty Photos)

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Automation and AI have already begun changing some skilled duties, with corporations akin to Amazon and Salesforce citing it as one issue behind current layoffs.

The modifications have fueled concern in Washington, the place a December 2025 Senate report listed fast-food, customer support and government assistant positions among the many most weak to automation.