AI can create more jobs, market will expand: Tech Mahindra's outgoing CEO CP Gurnani

Tech Mahindra's outgoing CEO CP Gurnani in an interview to Reuters has said that Generative AI can create more jobs than it is expected to eliminate.

"The use cases of Generative AI are still being defined, which means that it has the potential to create more job opportunities in the future. Undoubtedly, the possibilities are just opening, and there is more to come," CP Gurnani told Reuters in an interview.

Job opportunities via AI

Gurnani went on to insist that skilled people will not be replaced even as many industry executives have discussed the potential loss of around a third of jobs due to the impact of AI.

"New jobs will also get created. The market will expand," he said. Infosys founder Narayana Murthy has also mentioned that coders losing jobs to Gen AI tools such as ChatGPT will "never happen."

Also Read: 85% Indian employers optimistic of AI creating new job roles in 1-5 years: Indeed Survey

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

"Infosys or Tech Mahindra setting up learning campuses, those days are over," said Gurnani.

CP Gurnani who is one of the longest serving CEOs in the $245-billion Indian information technology sector is set to retire on December 19.

A recent research from the European Central Bank and the International Labour Organization also said there hasn't been significant job loss due to Gen AI-enabled automation so far.

Generative AI has taken the world by storm after products like ChatGPT and Google's Bard were able to respond to queries with human touch and showcased ability to write everything from novels and poems to complex computer code.