Robinhood CEO Vlad Tenev says synthetic intelligence is doing ‘fascinating’ issues and discusses the subsequent part of retail investing on ‘FOX Enterprise In Depth.’
As fears develop that synthetic intelligence (AI) will wipe out jobs, Robinhood CEO Vlad Tenev says the alternative could also be true.
Tenev argues that AI received’t get rid of work, however slightly redefine what it means to have a job.
“AI will result in an explosion of not simply new jobs, however new job households,” Tenev advised FOX Enterprise’ Charles Payne throughout “FOX Enterprise In Depth: The A.I. Arms Race.”
Tenev stated skepticism about new expertise is nothing new, evaluating immediately’s AI shift to the nation’s transition from farm and manufacturing unit labor to workplace and digital work over the previous century.
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Vlad Tenev, chief govt officer of Robinhood Markets Inc., speaks throughout a Bloomberg Tv interview on the sidelines of the Token2049 convention in Singapore on Oct. 2. (Getty Photographs)
“Perhaps 100 years in the past, our ancestors could be taking a look at what you and I are doing proper now, which is form of like speaking to one another digitally about AI. They suppose, you already know, that is not actual work,” Tenev stated.
“I believe in the identical means that they’d in all probability 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 stated, might embrace new types of investing and buying and selling for a dwelling, roles that many individuals don’t at present view as viable full-time careers.
“Perhaps that is not actual work,” Tenev stated.
Vlad Tenev, chief govt officer of Robinhood Markets Inc., speaks throughout a Bloomberg Tv interview in London, England, on July 8. (Getty Photographs)
“However to the individuals of the long run, it will undoubtedly really feel very actual and annoying, 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 all the time reshaped work norms slightly than eliminating them altogether. He famous that whereas comparable shifts have occurred earlier than, immediately’s tempo of change is way quicker.
“Despite the fact that we have seen disruption like this prior to now, we’ve got a sense that it may be extra fast,” he stated.
“The rate, the speed of change, and the acceleration makes us very nervous.”
Vlad Tenev, chief govt 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 Photographs / Getty Photographs)
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Automation and AI have already begun changing some skilled duties, with firms comparable to Amazon and Salesforce citing it as one issue behind current layoffs.
The adjustments have fueled concern in Washington, the place a December 2025 Senate report listed fast-food, customer support and govt assistant positions among the many most weak to automation.
Robinhood Markets CEO Vlad Tenev explains how prediction markets have change into the ‘quickest rising enterprise of all time’ and discusses their future on ‘Making Cash.’
