Global tech leaders say AI can free up people for more productive jobs, warn against risks

Global technology leaders on Friday said Artificial Intelligence (AI) can enhance productivity while they urged for the development of AI in a responsible manner.

Speaking at B20 Summit India 2023 organised by CII, IBM chairman and chief executive officer Arvind Krishna said AI can free up people for more productive work and reduce cost for businesses.

He said coding can be improved by about 60% by using AI assistance.

“Inside IBM, we think about 20% of the total activity, which we call lower order cognitive work, about 30% of that can be easily made productive through AI. That frees up more people to do more value adding work. It’s not that there aren’t jobs.