India Could Become Global Hub For AI Employment: Bhavish Aggarwal, CEO Of Ola

(Source – www.awazthevoice.in)

In a recent interview with ANI, Bhavish Aggarwal, CEO of Ola, articulated a bold vision for India’s future, positioning the country as a global leader in artificial intelligence (AI) and a major exporter of AI-related technology and intelligence. Aggarwal’s strategy underscores the transformative potential of AI Employment in boosting economic productivity and creating new job opportunities, while also acknowledging the inevitable job displacement that comes with technological advancements.

Aggarwal emphasized the significant role of India’s vast pool of IT professionals in realizing this vision. “In India, there are tens of millions of IT services professionals, young people and all of that. Now today they are doing some work for global clients. Their work can be 10x more productive,” he stated. This enhanced productivity, he believes, will not only prevent job losses but also create ten times more jobs, turning India into a global hub for AI employment.

Aggarwal’s vision extends beyond merely adapting to AI

Addressing concerns about AI’s impact on the job market, Aggarwal offered a nuanced perspective. “To quantify is difficult, but I would say AI will create new jobs, AI will take away jobs also,” he said. He elaborated that while some jobs will be displaced, AI will also create numerous new opportunities. “AI is going to create a bunch of new kinds of jobs in the future. As a country and as an ecosystem, we have to get half of those jobs built in India.”

Aggarwal’s vision extends beyond merely adapting to AI; he aims for India to lead in AI innovation. He highlighted the necessity of open access to data and robust infrastructure development as critical components of this strategy. “And India, as a country, we have to really become the largest AI, we actually should become a net intelligence export, net AI export,” Aggarwal stated. He advocated for making all data publicly accessible, building large open-source intelligence platforms, and developing comprehensive compute infrastructure, including data centers and chip fabrication facilities within India.

The CEO outlined how AI could significantly enhance economic productivity by automating routine tasks and enabling individuals to accomplish more in less time. “Because of AI, economic productivity is going to increase a lot in the whole world. You can get a letter written from this. You save time. That’s economic productivity. Now you can do more work,” he explained.

Excitement and hype surrounding AI employment

Aggarwal also acknowledged the excitement and hype surrounding AI, recognizing it as a major disruptor across various sectors. However, he urged a strategic approach to harness AI’s potential benefits while mitigating risks. “And we as a country, and as different elements of civil society, be it businessmen or media or bureaucrats or politicians or government, everybody has to really think strategically about AI Employment. Because while there is a risk, there is also an opportunity,” he said.

In conclusion, Aggarwal’s vision for India is ambitious yet grounded in a strategic framework that involves embracing AI, developing infrastructure, and leveraging the country’s existing IT talent pool. By doing so, he believes India can not only enhance its own economic productivity but also become a leading exporter of AI intelligence and technology on a global scale.