AI will both create and destroy jobs: EAC-PM member Sanjeev Sanyal

Member of Economic Advisory Council to the Prime Minister (EAC-PM) Sanjeev Sanyal on Wednesday said that artificial intelligence (AI) will both create and destroy jobs and a lot depends on how it is adopted. Speaking at the Bharat Chamber of Commerce at an interactive session, Sanyal claimed AI will impact highly skilled people and functions will be disintermediated. "There is a lot of noise about AI. A lot will depend on how we adopt it. A debate is going on within the government and the public. If we don't adopt it, we will get wiped out", Sanyal said. He claimed that the existing people in high-skilled areas would be disintermediated while jobs would be both destroyed and created. "One area where AI will certainly make an impact is education," the economist said. Citing an example, he said people will listen to lectures on video-streaming websites and use AI chatbots to answer questions. "So, students would no longer need to go to colleges except for some collaborative work. .