Only 10 jobs created for every 100 jobs ended by AI
Only 10 new AI-based jobs are being created for every 100 positions made redundant in traditional technology according to some experts. The pace at which these jobs are being created is quite slow as compared to the positions that are eliminated.
Further, companies are increasingly training talent to bridge the gap in artificial intelligence skills. “You need to approach it in different ways. You need to reach out to industry, developers, startups. How do we include formal education on AI to build mindset, have some level of skills so that they understand the new world? We have the AI for Youth initiative, which is 254 hours, four-stage (that) we are rolling out for 10 schools,” Prakash Mallya, the head of Intel India, explained.