Moving to the pivotal topic of AI's impact on jobs, Smith addressed concerns around job displacement due to automation. He expressed optimism about AI's potential to create new jobs and reshape existing roles.
Top global business leaders, including Tata Sons chairman N Chandrasekaran, Microsoft USA vice-chairman Brad Smith, and IBM CEO Arvind Krishna, have emphasized the need for a regulatory blueprint to ensure responsible use of artificial intelligence (AI). They believe that AI will create new opportunities and ecosystems, automating mundane tasks and enhancing productivity.
Generative AI probably will not take over most people s jobs entirely but will instead automate a portion of their duties, freeing them up to do other tasks, a UN study said on Monday.
An explosion of interest in generative AI and its chatbot applications has sparked fears over job destruction, similar to those that emerged when the moving assembly line was introduced in the early 1900s and after mainframe computers in the 1950s.