Robinhood CEO Vlad Tenev says synthetic intelligence is doing ‘fascinating’ issues and discusses the subsequent section 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 other could also be true.
Tenev argues that AI gained’t eradicate 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 instructed FOX Enterprise’ Charles Payne throughout “FOX Enterprise In Depth: The A.I. Arms Race.”
Tenev mentioned skepticism about new expertise is nothing new, evaluating in the present day’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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Vlad Tenev, chief government officer of Robinhood Markets Inc., speaks throughout a Bloomberg Tv interview on the sidelines of the Token2049 convention in Singapore on Oct. 2. (Getty Photos)
“Perhaps 100 years in the past, our ancestors could be what you and I are doing proper now, which is form of like speaking to one another digitally about AI. They assume, you recognize, that is not actual work,” Tenev mentioned.
“I believe in the identical method 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 mentioned, may embrace new types of investing and buying and selling for a residing, roles that many individuals don’t at the moment 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 long run, it’s going to undoubtedly really feel very actual and demanding, and it will have with it the entire 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 somewhat than eliminating them altogether. He famous that whereas related shifts have occurred earlier than, in the present day’s tempo of change is far sooner.
“Despite the fact that we have seen disruption like this prior to now, we’ve a sense that it may be extra fast,” he mentioned.
“The speed, 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 firms equivalent 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 susceptible to automation.
Robinhood Markets CEO Vlad Tenev explains how prediction markets have develop into the ‘quickest rising enterprise of all time’ and discusses their future on ‘Making Cash.’
