AI impact: From N Chandrasekaran, Arvind Krishna to Brad Smith, know what these tech titans said
Artificial intelligence is being looked at in two ways globally. It is a great opportunity to boost productivity across the spectrum of human activity, but at the same time, this new tech has the potential to hurt humanity, and even cause its extinction. Caught in between are the developers who are actually working out the potential and how much they can milk it for profit. In this situation, a number of tech leaders have gathered in New Delhi to attend the B20 Summit India 2023 organised by CII.
Technology leaders have spoken at length on Friday and the gist of their speeches indicates that they think AI can enhance productivity, but they have urged policy-makers that the development of AI must happen in a responsible manner.
IBM Chairman and Chief Executive Officer Arvind Krishna said AI can free up people for more productive work and reduce cost for businesses.
The impact of AI on techies can be phenomenal. He said coding can be improved by about 60 per cent by using AI assistance.
"Inside IBM, we think about 20 per cent of the total activity, which we call lower order cognitive work, about 30 per cent of that can be easily made productive through AI. That frees up more people to do more value-added work. It's not that there aren't jobs. If you have productivity then you can access way more clients. You can provide things at a lower cost point," Krishna said.
"There are a bunch of activities under it, I call them more mundane, could be automated but are hard to do so. Whether it be about promoting people, whether it is about assessing people, those can begin to be done by AI. In our case we are doing 90 per cent of that through AI," Krishna said.
He said the actual invention of foundation models, large language models, and
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