The Commerce Department allows Nvidia to sell H20 AI chips to China despite security concerns, and experts are divided on the U.S. technological advantage.

Nvidia CEO Jensen Huang says AI won't erase jobs but will transform how we work — starting with how we think and ask questions.

Jensen Huang, Founder & CEO of Nvidia, delivers a speech at the opening ceremony of the third China International Supply Chain Expo in Beijing, on July 16, 2025. Photo: Chi Jingyi

Huang’s comments stand in stark contrast to those of Anthropic CEO Dario Amodei, who said AI could eliminate half of all entry-level white collar jobs and spike unemployment by double digits over the next five years. Amazon CEO Andy Jassy has also warned AI will reduce the company’s total corporate workforce.

Today’s Forbes Daily covers potential Federal Reserve chair replacements, the wealthiest get richer off bitcoin, a new biotech billionaire, AI in medicine and more.

Huang has argued that “100% of everybody’s jobs will be changed” by AI but not erased, as said by many. Rather than causing mass unemployment, Huang envisions AI as a tool t