Video Game CEO Says Regenerative AI Will 'Increase Employment,' Despite Job Losses In The Industry

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increase employment,” Zelnick said during a talk on Oct. 17 at The Paley Center for Media, according to media reports.. “Technology always increases productivity, which in turn increases GDP, which in turn increases employment."Don't Miss:Deloitte's #1 Fastest-Growing Software Company Lets Users Earn Money Just by Scrolling — Accredited Investors Can Still Get In at $0.50/Share.Missed Nvidia and Tesla? RAD Intel Could Be the Next AI Powerhouse — Invest Now at Just $0.81 a ShareA report earlier this year by the organizers of the Game Developers Conference, found that 1-in-10 game developers have been laid off in the previous year. Additionally, 30% of developers surveyed said AI has a negative impact on the video game industry, a 12-point increase from last year's survey.Microsoft (NASDAQ:MSFT), which owns video game console Xbox, laid off 9,000 workers in July with many of the cuts coming from its gaming division. Some of those workers trained AI to create new levels for the mobile video game Candy Crush before they were let go, according to media reports.Wired magazine reported last year that multiple video game production companies started using regenerative AI for game development after firing thousands of workers.Trending: Microsoft's Climate Innovation Fund Just Backed This Farmland Manager — And Accredited Investors Can Join the Same FundAI in the video game industryZelnick told CNBC in February his company believes in "protecting and paying human beings.”"We believe we ought to pay for their work if it’s replicated by AI after their work is done,” he said.And while he said AI has its benefits, he stopped short of saying it could completely replace humans in the industry. “I think it’s worth noting, though, the genius is human," he told CNBC. "The tools may be digital, but the creative genius is human,”During remarks at the Paley Center for Media, he said that there's only so much AI can do. "Will it create a genius? No," he reportedly said. "Will it create hits? No. It’s a bunch of data with a bunch of computers with a language model attached.”He said people should look at AI as another tool. "Our business has been involved with digital tools since its inception,” he said. "I think we’ll probably be able to create a bunch of efficiency, and we’re already trying to do that."Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,840.20 +17.86 (+0.26%)Dow 3047,562.87 +40.75 (+0.09%)Nasdaq23,724.96 +143.81 (+0.61%)Russell 20002,479.38 +13.43 (+0.54%)VIX17.44 +0.53 (+3.13%)Gold3,996.50 -19.40 (-0.48%)PortfolioSign in to access your portfolioSign inTop gainersBHF Brighthouse Financial, Inc. 57.07 +11.38 (+24.91%)ILMN Illumina, Inc. 123.54 +24.53 (+24.78%)TWLO Twilio Inc. 134.88 +22.02 (+19.51%)TVTX Travere Therapeutics, Inc. 35.16 +5.51 (+18.58%)BFAM Bright Horizons Family Solutions Inc. 109.23 +16.95 (+18.37%)Top losersATGE Adtalem Global Education Inc. 98.02 -43.75 (-30.86%)SPSC SPS Commerce, Inc. 82.24 -21.65 (-20.84%)TBBK The Bancorp, Inc. 65.37 -11.83 (-15.32%)DXCM DexCom, Inc. 58.22 -9.98 (-14.63%)ABR Arbor Realty Trust, Inc. 10.09 -1.46 (-12.64%)Most activeNVDA NVIDIA Corporation 202.49 -0.32 (-0.16%)AMZN Amazon.com, Inc. 244.22 +21.36 (+9.58%)PFE Pfizer Inc. 24.65 +0.36 (+1.48%)OPEN Opendoor Technologies Inc. 7.77 +0.43 (+5.86%)ONDS Ondas Holdings Inc. 6.44 +0.15 (+2.38%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 110,336.63 +1,160.48 (+1.06%)BRK-B Berkshire Hathaway Inc. 477.54 -0.98 (-0.20%)ETH-USD Ethereum USD 3,874.20 +53.13 (+1.39%)FCEL FuelCell Energy, Inc. 8.95 +1.22 (+15.78%)XRP-USD XRP USD 2.50 -0.01 (-0.36%)Top economic events