We need to find answers: Sridhar Vembu raises AI ‘wiping’ jobs question
Zoho co-founder Sridhar Vembu expresses deep concern over artificial intelligence potentially eliminating jobs. He notes the IT industry, including Zoho, has not generated significant new employment recently. Money previously for new hires now funds AI and rising data center expenses. Vembu suggests Universal Basic Income as a potential solution to ensure income for citizens. He questions if the over-saturated software market needs more products as growth slows.
Zoho co-founder Sridhar Vembu expresses deep concern over artificial intelligence potentially eliminating jobs. He notes the IT industry, including Zoho, has not generated significant new employment recently. Money previously for new hires now funds AI and rising data center expenses. Vembu suggests Universal Basic Income as a potential solution to ensure income for citizens. He questions if the over-saturated software market needs more products as growth slows.
