At the B20 Summit in New Delhi, N Chandrasekaran, Chair, B20 India, and Executive Chairman, Tata Sons, offered his perspective on the ongoing debate surrounding AI’s impact on employment. He asserted that AI could serve as a catalyst for elevating the capabilities of workers, leading to a more efficient and productive workforce across various sectors. He was confident that AI would not lead to job displacement but rather fuel job creation by enabling individuals with varying skill levels to tackle higher-level tasks.
The B20, is the official G20 dialogue forum for engagement with the global business community, and has emerged as a vital platform for collaborative discussions on economic and business matters.
Microsoft President Brad Smith underlined the need to not only scrutinize the entities developing AI technologies but also those deploying them. “We need to be excited about the opportunities but also be concerned about the risks and think about the guardrails,” he cautioned.