Sridhar Vembu On Why AI Is Not Creating New IT Jobs
· rediff.com
Sridhar Vembu, Zoho Corporation Founder, states that the IT industry is not generating new jobs due to funds being redirected towards the escalating costs of AI and data centre infrastructure. He highlights a structural economic challenge where advanced technology, while making goods affordable, creates income distribution issues and suggests that solutions like Universal Basic Income might gain traction, especially in countries like India.
Zoho Corporation Founder Sridhar Vembu reveals how the rising costs of artificial intelligence and data centre infrastructure are hindering new job creation in ...