CEO Tech Mahindra: Generative Artificial Intelligence Technology Can Create More Work

The soon-to-retire CEO Tech Mahindra, CP Gurnani, stated that a generating Artificial Intelligence (AI) technology has the potential to create more job opportunities than expected to be eliminated. The statement is certainly somewhat surprising given that AI's ability to destroy the labor market has been widely discussed on social media sites.

"The use of Generative Artificial Intelligence is still in the process of determining cases, meaning that it has the potential to create more job opportunities in the future. No doubt, the possibility has just opened up, and there are still more to come," Gurnani said. as quoted by VOI from Reuters.

AI technology such as OpenAI and Bard's ChatGPT from Google has stolen the world's attention in the past year with a very human-like response and its ability to write everything from novels and poetry to complex computer codes.

Although some top industry executives have discussed the potential loss of about a third of jobs due to the impact of this technology, Gurnani, one of India's longest-serving CEOs, insists that skilled people will not be replaced. Gurnani himself will retire on December 19.

"New jobs will also be created. Markets will develop," he said, joining people like Infosys founder NR Narayana Murthy, who said that moders who lost their jobs due to Generative AI tools such as ChatGPT "would never happen."

Estimates about job loss due to the generative AI vary. Recent research from the European Central Bank and the International Labor Organization say that there is no evidence of significant job loss due to automation activated by the AI Gen.

Gurnani also urged young engineers to adapt to a changing world and invest more time in learning new skills independently.

"The time when Infosys or Tech Mahindra founded a learning campus, it was over," said Gurnani.

Infosys has one of the largest corporate training centers in the world in Mysuru, a city in the southern Indian state of Karnataka.

For Indian IT companies, this could signal a fundamental shift in their operational model. Traditionally, companies hire graduates from campus and provide training before placing them on specific projects.

In October, Infosys announced plans to detain recruitment on campus in the near future, while its competitor, Wipro, pointed out that they would engage in campus recruitment only after the "onboarding" of the candidates they had offered.