Citi said in a report in June that AI is likely to displace more jobs across the banking industry than in any other sector. About 54% of jobs across banking have a high potential to be automated, Citi said at the time.
Murthy said that the concern about job loss should be replaced by discussions, debates, and thinking on how AI, generative AI, large language models, and other such nascent technologies could be used as assistive tools to make human beings even more productive.
'I don’t know how horses felt when the car was invented, but they didn’t complain that they were put out of a job; they didn’t go on strike,' said BT group's tech boss, Harmeen Mehta.
Hailed as revolutionary and a game-changer, AI has drawbacks. In addition to planning for superintelligent computers, contemporary AI can create problems. Let's take a look at some crucial AI-related risks.
Zoho's Sridhar Vembu, along with two other top industry leaders, has submitted a proposal to the Central government, calling for an AI policy that promotes openness, transparency, and prevents worldwide monopolies.
Murthy said that ChatGPT is good and one should welcome it. “Use ChatGPT as the base and then show our creativity, show our smartness, and show our innovation,” he said.