As fears grow that artificial intelligence (AI) will wipe out jobs, Robinhood CEO Vlad Tenev says the opposite could be true.
Tanev argues that AI will not eliminate work, but rather redefine what it means to have a job.
“AI will lead to an explosion of not only new jobs, but new job families,” Tenev told FOX Business’ Charles Payne at a press conference. “FOX Business In-Depth: The AI Arms Race.” »
Tenev said skepticism about new technologies is nothing new, comparing the current shift to AI to the country’s transition from agricultural and industrial work to office and digital work over the last century.
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Vlad Tenev, chief executive officer of Robinhood Markets Inc., speaks in an interview with Bloomberg Television on the sidelines of the Token2049 conference in Singapore on October 2. (Getty Images)
“Maybe 100 years ago, our ancestors would have looked at what you and I are doing now, which is kind of like digitally talking to each other about AI. They think, you know, it’s not real work,” Tenev said.
“I think in the same way that they probably wouldn’t consider what we do as real work, we are [going to] let’s look ahead to job families and job opportunities in the future,” he added.
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These future jobs, Tenev said, could include new forms of invest and trade to earn a living, roles that many people do not currently consider viable full-time careers.
“Maybe it’s not real work,” Tenev said.
Vlad Tenev, CEO of Robinhood Markets Inc., speaks during an interview with Bloomberg Television in London, England, July 8. (Getty Images)
“But for people in the future, it will definitely seem very real and stressful, and it will bring with it all the feelings we have about our work,” he added.
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Tenev says technological disruptions have always revamped labor standards rather than eliminating them completely. He noted that while similar changes have occurred before, the pace of change today is much faster.
“Even though we’ve had disruptions like this in the past, we have a feeling it’s going to be quicker,” he said.
“The speed, rate of change and acceleration make us very nervous.”
Vlad Tenev, Chief Executive Officer of Robinhood Markets Inc., speaks during an interview with Bloomberg Television in London, United Kingdom, November 29, 2023. (Jose Sarmento Matos/Bloomberg via Getty Images / Getty Images)
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Automation and AI have already started to replace some job tasks, with companies such as Amazon and Salesforce citing it as one of the factors behind recent layoffs.
The changes have fueled concern in Washington, where a December 2025 Senate report listed fast food, customer service and executive assistant positions among the most vulnerable to automation.
