AI and employment: Latest News & Videos, Photos about AI and ...
Nandan Nilekani emphasizes the high costs of building core AI models and the need for practical AI applications in India. He highlights the importance of making AI accessible to improve productivity for users like farmers, and urges Indian AI firms to focus on real-world challenges, rather than competing with major global companies.
Unemployability Crisis in India
India faces an unemployability crisis as AI tools threaten roles in business and knowledge outsourcing. Tech advancements in AI, demonstrated by China and Elon Musk, overshadow India's prospects. The country must prioritize AI application and workforce reskilling to maintain relevance and productivity, avoiding massive job losses which could disrupt middle-class prosperity.
Impact of AI on Farming
Microsoft CEO Satya Nadella recently shared a video showcasing how AI is transforming farming in Baramati, Maharashtra, by improving crop yields, reducing chemical usage, and optimizing water consumption. The initiative, powered by Microsoft’s AI tools and satellite imaging, aims to help small farmers make data-driven decisions in their local languages. Reacting to the post, Tesla and SpaceX CEO Elon Musk praised the impact of AI on agriculture, stating, “AI will improve everything.”
Outlook on AI and Employment
Nandan Nilekani believes AI will enhance rather than replace core human abilities like empathy, leadership, and creativity. He emphasizes the need for adaptive skills and first-principles thinking. While some jobs might be affected, AI will create new opportunities and increase productivity.
Warning on Rising Unemployment
Srinath Mallikarjunan, CEO of Unmanned Dynamics, warns about India's rising employment and employability crisis, citing flaws in the education system. He highlights the surplus of unskilled graduates and the impact of AI on job roles. He urges students to seek self-improvement and criticizes investors' lack of vision.
Employment Trends and Outlook
The report reveals that the banned accounts were generating descriptions for a social media listening tool that provided real-time reports on anti-China protests in Western countries to Chinese security agencies. TeamLease EdTech's career outlook report shows a promising rise in fresher hiring for 2025, driven by demand for deep-tech skills such as AI, cloud computing, and robotics. Key cities like Bengaluru and Mumbai lead in job opportunities, with e-commerce and IT sectors experiencing significant growth in hiring intentions.
Challenges for Non-Tech Graduates
Non-tech graduates in India are finding it difficult to adjust to AI-driven changes in the job market. Despite strong employability in AI roles, non-technical skills lag behind industry needs. The employability rate for non-tech graduates has dropped. Graduates need improved soft skills and adaptability to stay relevant. Educational institutions must focus on holistic skill development.
Impact of AI on the Job Market
Overall employability of Indian graduates dipped slightly in 2024, although proficiency in AI and ML roles improved. Increasing expectations for technical and soft skills resulted in a marginal decline, with non-technical skills requiring more development time. Online courses contribute to skill enhancement.
Employment Shifts and Market Reactions
Meta eliminated 3,000 positions, while Workday reduced its workforce by 1,750 employees. India's gig economy employment is expected to double in five years. Regulation must balance flexibility with inclusivity, addressing factors like mobility, social security, and bargaining power. The S&P 500 and Nasdaq ended higher with boosts from gains in Nvidia and Eli Lilly, while the Dow dipped slightly after a volatile session.
AI Impact on Industries
AI has helped the BPO industry by boosting efficiency. While it automates repetitive tasks, workers in the Philippines are using AI tools to focus on more complex tasks, ensuring that human skills remain vital in the workplace. India's hiring activity has increased by 12% in the past six months, led by sectors like Consumer Electronics, Manufacturing, and Construction & Engineering.
Investments and Appointments
The planned AI data centre cluster will have a capacity of 400 MW, with an investment of Rs 10,000 crore. LinkedIn appoints Deepak Agarwal as the new chief AI officer, marking his return to the company where he previously led AI initiatives. Around 30% of Indian employers are planning to adopt skills-based hiring by removing degree requirements, surpassing the global 19%, as reported by the World Economic Forum.
Future of AI and Employment
There are serious concerns that AI's implementation across various workspaces would end up in a majority of people losing their jobs in the next five years or so, if a new warning from the World Economic Forum is to be believed. Salesforce will not hire additional engineers this year due to AI-driven productivity improvements. The company plans to add 1,000 to 2,000 salespeople to explain the value of AI to clients.
Opportunities in Emerging Tech
The evolving corporate world now emphasizes digital skills, AI literacy, and continuous learning. Success depends on developing in-demand skills, personal branding, emotional intelligence, and building strong professional networks. Industries like BFSI, retail, and emerging tech sectors offer ample opportunities for tech-savvy, innovation-driven talent.
Industry Recognition
Cognizant CEO, Ravi Kumar S, received the Pravasi Bharatiya Samman 2025 award. He mentioned that India will become the office of the world. The company's future is India-based. He also appreciated the support of the Indian government. The agritech sector in India is projected to generate 60,000 to 80,000 jobs in the next five years in roles like AI development, technology, and supply chain management.
Job Creation Initiatives
Tata Group is planning to create over five lakh new manufacturing jobs in the next five years. Global capability centres (GCCs) in India are set to see an 18-20% hiring surge in 2025, creating up to 380,000 new jobs across various sectors, including healthcare, retail, and emerging industries like travel and QSRs. Infosys has invested Rs 426 crore in a new Kolkata development centre, spanning 320,000 square feet.
