Generative AI Job-Creating Potential
Tech Mahindra outgoing CEO, CP Gurnani, expressed optimism about the job-creating potential of Generative AI technology. While concerns have been raised about AI’s impact on job markets, Gurnani believes that the use cases for Generative AI are still evolving, presenting opportunities for job creation in the future.
Gurnani, one of the longest-serving CEOs in the $245-billion Indian information technology sector, emphasized that skilled professionals are unlikely to be replaced by AI. He suggested that new jobs will emerge, expanding the market. This perspective aligns with industry figures like NR Narayana Murthy, co-founder of Infosys, who has dismissed the notion of coders losing jobs to AI tools like ChatGPT.
Estimates on job losses due to generative AI vary, with recent research from the European Central Bank and the International Labour Organization indicating no significant losses so far. Gurnani urged young engineers to adapt to the changing landscape by independently acquiring new skills, signaling a departure from the traditional model of companies setting up learning campuses.
Shift in Operational Models for IT Companies
Gurnani highlighted the shift in operational models for Indian IT companies, indicating a move away from the traditional approach of hiring graduates and providing training. Infosys, for example, disclosed plans to refrain from immediate campus recruitments, and Wipro hinted at engaging in campus hiring only after onboarding candidates who had received offers.
As Gurnani prepares to retire on December 19, his perspective reflects a positive outlook on the future of jobs in the face of advancing AI technologies, encouraging professionals to embrace change and proactively acquire new skills.
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