Jobs

Despite there being no path-breaking evidence of AI improving productivity, tech giants have poured in exponential figures into AI initiatives.

Companies are leaning on AI as a convenient explanation for layoffs, even as weaker demand, past overhiring and cyclical slowdowns account for most job losses, shows Oxford Economics research

The company plans to quadruple exports to $80 billion and create 1 million jobs by 2030, as it deepens bets on AI, cloud and quick commerce.

Pointing to the earlier waves of disruption such as the rise of the internet and cloud computing, Krish said concerns over job losses have surfaced with every major technological breakthrough, adding that “it’s wrong to look at it through the lens of job loss and it is more an opportunity to transform skill.”