<div id="readability-page-1">Leaders push back: Jensen Huang and Torsten Sløk both say AI is creating jobs, not eliminating them, citing rising demand for engineers and AI specialists. Market reaction: Software stocks rallied after Huang’s comments, with major firms like ServiceNow and IBM posting double-digit gains. Debate continues: Despite their optimism, some companies still cite AI in layoffs, raising questions over 'AI-washing' and the true impact on employment.</div>

NVDA

<p>Nvidia CEO Jensen Huang and Apollo economist Torsten Sløk argue that AI creates jobs rather than eliminating them, citing rising demand for engineers. Following their comments, software stocks like ServiceNow and IBM rallied with double-digit gains. However, the debate persists as some companies still cite AI in layoffs, raising concerns about 'AI-washing' and the technology's true impact on employment.</p>

- Jensen Huang and Torsten Sløk argue that AI is generating jobs, particularly for engineers and AI specialists.  
- Following Huang’s remarks, software stocks surged, with ServiceNow and IBM achieving double-digit gains.  
- Nonetheless, the ongoing debate persists as some companies have cited AI as a reason for layoffs, prompting concerns about 'AI-washing' and its actual effects on employment.

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Nvidia’s Huang, Apollo economist reject AI job loss fears