- AI will take away some menial duties and increase overall productivity, accelerating economic growth.
- Krishna: The use of AI will increase productivity for businesses and economies in the future.
- The goal is to provide tech corporations with “secure and accountable AI.”
According to IBM Chairman and CEO Arvind Krishna on Friday, artificial intelligence (AI) will take away some menial duties and increase overall productivity, accelerating economic growth and business expansion.
Krishna stated that AI can do some menial work while speaking at the “B20 Summit India 2023,” which is the G20’s official interaction forum with the international business community.
AI in economic growth
At the HR level, AI can help with mundane tasks like employee hiring and promotion. According to Krishna, the use of AI will increase productivity for businesses and economies in the future.
According to the IBM CEO, AI will “generate more per capita GDP.” The goal, according to him, is to provide tech corporations with “secure and accountable AI.”
This week, research by the International Labour Organization (ILO) found that, rather than completely replacing a role, generative AI is more likely to augment than eliminate jobs by automating some operations. Some clerical occupations, however, might never become available in less developed countries.
Clerical work was found to have the highest amount of technological exposure, with over half of jobs having medium levels of exposure and over a quarter of activities having high levels.
He could easily see 30% of occupations being displaced by AI and automation over five years, Krishna said in an interview with Bloomberg in May.
Nearly 7,800 positions could be eliminated by AI in the next few years, while the tech behemoth employs about 26,000 people. Krishna claims that AI will, however, also increase and improve productivity among humans and spur more economic growth.
