Box Inc. (NYSE:BOX) CEO Aaron Levie on Saturday said artificial intelligence (AI) is driving hiring and business expansion across large enterprises, challenging concerns that the technology will primarily eliminate jobs.

AI Drives Hiring And Reinvestment

In a post on X, Levie said that in most of his conversations with chief information officers, chief technology officers and chief executive officers, companies are either hiring because of AI or reinvesting efficiency gains into new areas of growth.

"Again, maybe counterintuitive, but in the majority of conversations I have with CIOs, CTOs, and CEOs in large enterprises, they are either growing due to AI (in new job functions like FDEs, engineering, etc.) or at a minimum reinvesting efficiency savings back into the business in new areas (sales, marketing, etc.)," Levie wrote.

The Box chief executive pointed to comments by Goldman Sachs CEO David Solomon, saying the AI boom is creating entirely new jobs tied to building AI systems and implementing them across industries.

Levie argued that businesses have long been constrained by costs associated with software development, sales hiring, marketing campaigns, customer outreach and risk management.

As AI improves productivity and lowers costs, companies can redirect resources into expansion initiatives rather than simply cutting expenses.

"The companies that better serve their customers win over the long run, and those that just try and find savings end up doing worse," he said.

AI Job Debate Splits Leaders

Earlier, Vinod Khosla predicted that AI could eliminate most jobs by 2030 as automation advances.

He argued that AI and robotics may eventually perform up to 80% of work, significantly reshaping the global economy through lower costs and higher productivity.

David Sacks backed David Solomon's view that fears of mass unemployment were overstated, saying AI was more likely to transform work than eliminate it, even as a significant share of work hours could be automated over the next decade.

Amazon.com Inc (NASDAQ:AMZN) founder Jeff Bezos also rejected concerns about widespread job losses.

He said AI would "elevate" workers, drive economic growth and potentially create a labor shortage, while noting Amazon had not seen AI-related layoffs despite major investments in the technology.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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