AI Impact on White-Collar Jobs: IBM CEO Foresees Limited Risk, Emphasizes Need for New Skills

Date:

IBM CEO: Limited Risk of AI Impact on White-Collar Jobs, Emphasis on New Skills

The CEO of IBM, Arvind Krishna, has stated that he foresees limited risk to white-collar jobs due to the impact of artificial intelligence (AI). According to Krishna, white-collar workers involved in decision-making, design, or collaborative roles will remain safe from job displacement. He estimates that only around six percent of the workforce is at risk due to the rise of AI.

In an interview with The Sunday Times, Krishna emphasized that retraining six percent of the working population over a span of five years is achievable. He highlighted the need for more professionals in healthcare, elderly care, teaching children, IT, and cybersecurity, as the demand in these sectors surpasses the six percent mark.

In his efforts to integrate AI into IBM, Krishna has been vocal about replacing thousands of back-office jobs with AI. However, he believes that not all youngsters need to pursue STEM (science, technology, engineering, and math) degrees to thrive in an AI-dominated future. Instead, he emphasizes the importance of critical thinking skills, including psychology, engineering, and history, which will enable individuals to adapt to uncertain circumstances.

While Krishna recognizes potential threats from AI, such as cybersecurity risks and misinformation, he does not share concerns about AI systems reaching autonomy and posing a threat to humanity. He considers such fears exaggerated and unlikely, stating that the idea of AI systems collectively conspiring against humanity is far-fetched.

IBM’s strategy under Krishna’s leadership revolves around marketing reliable AI software and hybrid cloud solutions to corporate clients. The company has introduced a range of AI products called WatsonX, designed to enhance operational efficiency and ensure a safe customer experience. Additionally, IBM’s hybrid cloud initiative enables businesses to leverage a combination of cloud services from various providers alongside their in-house data centers.

See also  President Kagame Calls for Collective AI Governance to Achieve Sustainable Development Goals, Rwanda

IBM has experienced success in generating revenue by offering consulting services in AI and hybrid cloud technologies. To further contribute to the development and safety of AI, a senior delegation from IBM is scheduled to attend the AI Safety summit organized by the government next month.

In conclusion, IBM’s CEO, Arvind Krishna, believes that the impact of AI on white-collar jobs will be limited, with only a small percentage of the workforce at risk. He emphasizes the importance of acquiring new skills and highlights the need for professionals in sectors where the demand exceeds the perceived risk. IBM continues to focus on marketing reliable AI software and hybrid cloud solutions while offering consulting services in AI and hybrid cloud technologies. The company remains committed to participating in initiatives that address AI safety and security concerns.

Frequently Asked Questions (FAQs) Related to the Above News

What is the CEO of IBM, Arvind Krishna's stance on the impact of AI on white-collar jobs?

Arvind Krishna believes that there is limited risk of AI impacting white-collar jobs, especially those involving decision-making, design, or collaborative roles.

What percentage of the workforce does Krishna estimate to be at risk due to AI?

Krishna estimates that only around six percent of the workforce is at risk of job displacement due to the rise of AI.

How does Krishna propose addressing the potential impact on jobs?

Krishna emphasizes the need for retraining and acquiring new skills. He believes that retraining the six percent of at-risk workers over a span of five years is achievable.

Which sectors does Krishna highlight as having a higher demand for professionals?

Krishna highlights healthcare, elderly care, childcare, IT, and cybersecurity as sectors with a demand that surpasses the risk posed by AI.

Does Krishna believe that all youngsters need to pursue STEM degrees in an AI-dominated future?

No, Krishna does not believe that all youngsters need to pursue STEM degrees. He emphasizes the importance of critical thinking skills, including psychology, engineering, and history, to adapt to uncertain circumstances.

Does Krishna share concerns about AI systems posing a threat to humanity?

No, Krishna does not share concerns about AI systems reaching autonomy and conspiring against humanity. He considers such fears exaggerated and unlikely.

What is IBM's strategy under Krishna's leadership regarding AI and cloud solutions?

IBM's strategy under Krishna's leadership revolves around marketing reliable AI software and hybrid cloud solutions to corporate clients. They have introduced AI products called WatsonX and have a hybrid cloud initiative for businesses.

How does IBM contribute to AI development and safety?

IBM offers consulting services in AI and hybrid cloud technologies. A senior delegation from IBM is also scheduled to attend the AI Safety summit organized by the government to contribute to AI safety and security concerns.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Share post:

Subscribe

Popular

More like this
Related

OpenAI’s ChatGPT Unveils Image Input Feature for Plus Users

OpenAI's ChatGPT unveils image input feature for Plus users, enhancing user experience with broader language support and analysis capabilities.

AI Education Takes China’s Classrooms by Storm: Transforming Learning and Innovation

AI education is transforming Chinese classrooms, fostering innovation and scientific thinking. Discover how schools are embracing AI to enhance learning.

G42 and Microsoft Announce $1.5B AI Investment Partnership

Microsoft and G42's $1.5B AI investment partnership accelerates global expansion and innovation in AI technology.

UK Criminalizes Deepfake Images to Combat Violence Against Women

UK criminalizes deepfake images to combat violence against women. New law imposes fines and imprisonment for production and distribution.