IBM CEO Arvind Krishna believes that AI will ultimately create more jobs than it eliminates.
Krishna challenges the misconception that productivity improvements driven by AI lead to job losses. He highlights that, at IBM, the increase in productivity led to hiring more employees, not reducing the workforce.
AI can enhance employee productivity by automating repetitive tasks, allowing employees to focus on higher-value work. Krishna expects his programmers to become 30% more productive through AI adoption.
Developed countries are experiencing labor shortages, and AI-driven productivity improvements can help bridge the gap. Krishna emphasizes that AI is essential to maintaining the quality of life in developed nations.
Krishna cites the example of the smartphone, which created a booming market for software designers. AI-driven innovations can lead to the emergence of entirely new markets and job opportunities.
AI is already integrated into critical areas of IBM's work, including chip design, where AI contributes significantly.
Krishna acknowledges that China has made significant strides in AI, noting its advantages in using large private datasets and exploring unconventional AI applications. While he believes the US leads in AI, he acknowledges the uncertainty surrounding the extent of that lead compared to China.
The ongoing tech war between the US and China is likely to lead to further fragmentation in AI development, with different applications emerging in each nation.
To maintain its leadership in AI, the US must continue to attract top AI talent, as AI's success depends on skilled individuals.
Krishna highlights that generative AI originated from institutions like Stanford, MIT, Google, and Facebook, showcasing the US's historical contributions to AI.
IBM's CEO Arvind Krishna asserts that AI will not lead to significant job losses but will, in fact, create more jobs through increased productivity and the emergence of new markets. The global AI race highlights the need for the US to maintain its leadership in attracting AI talent.
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