Nvidia CEO Jensen Huang has flatly dismissed the increasingly popular narrative that artificial intelligence will unleash mass unemployment, directly rebutting claims by Anthropic CEO Dario Amodei, who warned that AI could gut entry-level white-collar jobs on a historic scale.

Speaking to reporters at the VivaTech 2025 conference in Paris, Huang dismissed Amodei’s recent prediction that up to 20% of jobs could vanish within five years as a result of AI disruption, calling it both alarmist and self-interested.

“I pretty much disagree with almost everything he says,” Huang told reporters. “He thinks AI is so scary, but only they should do it.”

Amodei, who leads the developer of the Claude family of AI models, had told Axios that a wave of job displacement is inevitable, especially in sectors like law, finance, tech, and consulting. He warned governments to stop “sugarcoating” the threat and said society must prepare for AI’s economic shock.

But Huang, whose company Nvidia has become the most valuable semiconductor firm on earth, argued that AI’s transformative effects do not spell doom.

“Do I think AI will change jobs? Yes — it’s changed mine,” he said. “But I also believe AI is not that expensive and will open creative possibilities.”

Huang likened responsible AI development to medical research, where transparency and open collaboration are vital.

“If you want things to be done safely and responsibly, you should do it in the open,” he said, suggesting Amodei’s grim outlook could serve as a gatekeeping strategy.

He’s not alone in voicing optimism. Cognizant CEO Ravi Kumar told Business Insider that AI will help fresh graduates by lowering the skill barrier.

“AI enables faster upskilling,” Kumar said, “and reduces the need for years of deep domain expertise.”

However, the fears expressed by Amodei have been shared by others. OpenAI CEO Sam Altman, while more measured, has repeatedly said that AI could upend labor markets. IBM CEO Arvind Krishna announced in 2023 that the company would pause hiring for roles that could be replaced by AI, including back-office functions like human resources. Krishna projected that up to 30% of non-customer-facing roles could eventually be automated.

Goldman Sachs analysts have also warned that as many as 300 million jobs globally could be exposed to some level of automation due to generative AI, especially in developed economies.

More recently, companies have started to act. In early 2024, Duolingo cut 10% of its contract translators, citing improvements in AI translation tools. Similarly, Dropbox laid off 16% of its workforce in mid-2023, with CEO Drew Houston saying the company needed to “act now” as AI begins to reshape its product roadmap. Chegg, the online education firm, also cited ChatGPT’s rise as a reason for slashing its workforce.

Even in publishing and media, companies like BuzzFeed and Gannett have downsized editorial roles, while simultaneously expanding AI-generated content initiatives.

Labor market data appears to support concerns. Revelio Labs found that since January 2023, job postings for positions most exposed to AI — including data entry clerks, IT specialists, and legal assistants — have declined more sharply than others, suggesting that employers are already reshaping their hiring plans based on automation.

Earlier this year, Dr. Sriraam Natarajan, a professor of computer science at the Erik Jonsson School of Engineering and Computer Science at the University of Texas at Dallas, expressed the view of Huang. Natarajan sees AI as a technology breakthrough that will help increase productivity rather than make people’s jobs obsolete.

“The goal of AI is not to replace jobs but to train people to more effectively do things they are good at,” Natarajan said. “The mundane aspects of a job can be offloaded to AI. The creativity of these jobs will still rely on humans.”

Voyager Technologies soared in its U.S. stock market debut on Wednesday, more than doubling in value and closing with a $3.8 billion valuation—a dramatic entry that underscores investor enthusiasm for the defense and space sector amid growing government support under President Donald Trump.

Shares of the Denver-based company opened at $69.75, jumping 125% from the IPO offer price of $31. The upsized offering raised $382.8 million after Voyager sold approximately 12.4 million shares. The company, which provides mission-critical defense and space technologies, is listed on the Nasdaq under the ticker symbol VOYG.

Founded in 2019, Voyager has quickly become a major player in U.S. defense infrastructure, securing contracts with both the Department of Defense and NASA. Its market entry comes at a time of sweeping policy changes in defense and space spending driven by Trump’s push for strategic autonomy and missile defense expansion.

One of the largest drivers of optimism around Voyager’s public debut is Trump’s proposed $175 billion Golden Dome project, a vast missile defense shield designed to protect the U.S. homeland from long-range threats. The administration has framed the plan as central to its national security strategy, with a focus on technologies like space-based sensors, propulsion systems, and precision optical guidance—areas in which Voyager specializes.

“Strategic government backing amid increased defense spending somewhat shields these firms from tariff-induced supply chain risks,” said IPOX research associate Lukas Muehlbauer.

As of March 31, Voyager reported a backlog of $179.2 million in contracted work, an indicator of sustained demand for its offerings in a sector marked by long development cycles and high entry barriers. The company’s business spans propulsion systems, satellite guidance, spacecraft design, and orbital defense systems.

In 2024, Lockheed Martin selected Voyager to supply critical propulsion and optical systems for missile interceptors, a role integral to the U.S. effort to defend against hypersonic and long-range missile threats. In parallel, Voyager has been tapped by NASA for a $217.5 million project to develop Starlab, a modular orbital outpost intended as a successor to the International Space Station. Voyager is leading the project in partnership with Airbus, Mitsubishi, and Palantir.

The IPO marks the most high-profile space-related listing in months, following the successful debut of Karman, another defense and aerospace firm, whose shares have also doubled since going public. Voyager’s entry confirms growing investor confidence in the commercial space and defense industry, especially companies that are seen as aligned with Trump’s military modernization strategy.

“This IPO is a significant milestone for the broader space sector, indicating its progression towards greater commercial maturity,” said Rob Desborough, managing director at Seraphim Space Investment Trust, one of Voyager’s backers.

The administration’s defense budget proposals, which prioritize space superiority and high-tech military deterrents, have created fertile ground for firms like Voyager. Analysts point out that such strategic policy moves make companies in the sector more resilient to economic uncertainty, including inflationary pressure and international trade tensions.

“Although high entry barriers in the defense sector naturally limit the pool of IPO candidates, the current environment is encouraging established companies to go public,” Muehlbauer added.

Voyager’s offering was further boosted by early commitments from institutional investors. Janus Henderson and Wellington Management had each expressed interest in acquiring up to $60 million worth of Voyager shares, providing an anchor that helped strengthen market confidence ahead of the listing.

The surge in stock price also reflects renewed enthusiasm for space infrastructure investments, which had cooled in recent quarters. The Trump administration’s consistent push for re-militarizing space and insulating defense suppliers from foreign reliance appears to be resetting investor expectations.

While the broader market remains volatile, Voyager’s debut signals a bullish outlook for companies at the intersection of commercial innovation and national security, particularly those backed by strong federal contracts and future-facing projects like orbital habitats and missile defense.

With its debut, Voyager not only joins the growing league of publicly listed space companies—it does so with a war chest and policy tailwinds that suggest its trajectory is only beginning.

President Donald Trump on Wednesday hailed a new trade framework with China as a major win, declaring that Beijing would resume shipments of rare earth minerals to the U.S. and accept a heavier tariff load, while Washington would allow the return of Chinese students to American universities.

“WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT!” Trump wrote, summarizing the arrangement without elaborating on specifics.

He added: “FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL BE SUPPLIED, UP FRONT, BY CHINA. LIKEWISE, WE WILL PROVIDE TO CHINA WHAT WAS AGREED TO, INCLUDING CHINESE STUDENTS USING OUR COLLEGES AND UNIVERSITIES (WHICH HAS ALWAYS BEEN GOOD WITH ME!).”

A White House official confirmed that under the proposed framework, the United States will charge a combined 55% tariff on Chinese goods. This includes a 10% baseline “reciprocal” tariff, a 20% tariff in response to fentanyl trafficking, and a 25% tariff carried over from previous trade rounds. China, in turn, will impose a 10% tariff on U.S. imports, the official said.

Trump stated that the deal is still pending final approval by both himself and Chinese President Xi Jinping.

The agreement follows two days of high-level negotiations in London, where U.S. officials, led by Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer, met with a Chinese delegation headed by Vice Premier He Lifeng and top trade negotiator Li Chenggang. The meetings were aimed at putting substance behind the Geneva consensus reached last month, which had unraveled amid disagreements over China’s restrictions on exports of rare earths and critical minerals.

At the conclusion of the talks, Lutnick told reporters the new framework puts “meat on the bones” of the Geneva deal. He added: “There were a number of measures the United States of America put on when those rare earths were not coming. You should expect those to come off — sort of, as President Trump said, in a balanced way.”

The framework includes a pledge from China to resume shipments of rare earth metals and industrial magnets vital to technologies such as electric vehicles, smartphones, and missile guidance systems. In exchange, the U.S. is expected to ease certain export restrictions on industrial inputs required by Chinese manufacturers.

“President Trump is watching fentanyl closely,” Greer said, referencing the specific 20% tariff tier tied to Beijing’s cooperation on curbing fentanyl production.

However, officials on both sides acknowledged that the deal remains only a framework — not a finalized accord.

“We’ve got a framework, but we still need our principals to sign off,” China’s Li Chenggang said outside the negotiations venue.

Concerns are already surfacing that the framework may be more symbolic than substantive. While Trump’s social media declaration painted the outcome as a done deal, the absence of any formal documentation, timeline, or implementation mechanism has left analysts skeptical.

U.S. and Chinese negotiators said Tuesday that they had agreed to get the trade truce back on track and remove Chinese restrictions on rare earth exports. But even with these steps, the deeper rifts in the bilateral relationship — spanning industrial overcapacity, data security, and technology access — remain unaddressed.

The Trump administration’s prior use of export controls on semiconductor software, aviation components, and high-end manufacturing tools had drawn sharp backlash from Beijing. In response, China began restricting exports of key minerals, triggering fears across Western supply chains. Wednesday’s announcement suggests both sides are attempting to reset that escalation — but it remains unclear how long the reset will last.

Trump’s tariff policies over the past years have frequently shifted, creating uncertainty for global markets and contributing to supply chain congestion, port delays, and corporate losses. In recent weeks, the president has been labeled TACO (Trump always chickens out), underlining his pattern of inconsistency when it comes to deals.

With no enforcement clause or verification plan disclosed as of yet, there is concern that the deal may not survive the political and economic pressure ahead.

However, both delegations have pledged to continue remote talks. While Trump’s declarations cast the deal as a major geopolitical and economic win, the agreement still hinges on a final endorsement by him and Xi — and whether the promises on paper translate to action on the ground.

Elon Musk has publicly apologized to President Donald Trump following an extraordinary and personal feud that erupted last week, threatening to damage both men’s political and business interests.

Musk, once the largest donor to Trump’s re-election campaign, posted on Wednesday: “I regret some of my posts about President @realDonaldTrump last week. They went too far.”

The apology followed several days of escalating confrontation, beginning with Musk’s fierce criticism of Trump’s $2.5 trillion infrastructure and industrial policy proposal, dubbed the “Big Beautiful Bill.” Musk had denounced the bill as a “disgusting abomination” that would “add $2.4 trillion to U.S. government borrowing,” and said it amounted to a handout to “cronies and consultants.”

He also called for Trump’s impeachment and mocked the president’s past association with convicted sex offender Jeffrey Epstein.

In response, Trump lashed out on Truth Social: “Elon Musk went crazy. I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted.”

He also warned of financial consequences, writing: “The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts.”

Musk’s statement of regret on X, the social platform he owns, followed a private phone call to Trump on Monday night, according to the New York Times, which cited three people familiar with the matter. That outreach came after Musk spoke on Friday with Vice President JD Vance and White House Chief of Staff Susie Wiles to discuss the fallout of the public spat.

According to CNN, Vance had asked Trump how he wanted the situation addressed publicly before a scheduled interview with conservative podcast host Theo Von. During the podcast, which aired Saturday, Vance said: “Really, man, I think it’s a huge mistake for him to go after the president like that … I actually think if Elon chilled out a little bit, everything would be fine.”

Trump, speaking to the New York Post, responded to the apology by saying: “I thought it was very nice that he did that.” In a previously recorded interview with the paper, he had said, “I guess I could” reconcile with Musk, though he noted he was “not a happy camper” when Musk launched the tirade.

“I think he feels very badly, that he said that,” Trump added. “I have no hard feelings for it.”

The feud had reached a boiling point last week, marking the sharpest rupture yet in what had been a mutually beneficial alliance. Musk briefly served as the head of the administration’s “Department of Government Efficiency” (DOGE). The initiative, which aimed to slash federal programs, has since faced scrutiny, with experts warning some of the cost-cutting measures may be illegal.

At the peak of the row, Trump made repeated references to Musk’s companies. Beyond the jab at Tesla’s electric vehicle mandate, Trump warned about cutting off billions in federal contracts awarded to SpaceX, the rocket firm run by Musk that launches more satellites for U.S. agencies than any other company. Musk, in turn, threatened to decommission SpaceX’s Dragon spacecraft — a key vehicle for NASA’s astronaut missions to the International Space Station — though he later walked back the threat.

Tesla’s stock, which had been under pressure amid weakening sales in Europe and criticism of Musk’s increasingly political behavior, rose 2.6% in pre-market trading Wednesday following signs of a truce. The apology came just one day before Tesla’s planned launch of its highly anticipated “robotaxi” service in Austin, Texas — a pivotal moment for the company, which is struggling to maintain its valuation as the world’s most valuable carmaker.

Despite the conciliatory tone, it remains uncertain whether the damage is fully repaired. Trump, who had declared last week that he would “never speak to [Musk] again,” has so far offered no clear sign of reconciliation beyond brief comments. Given his long history of punishing dissent from even close allies, the future of their relationship, and the business implications that come with it, appear far from settled.