IBM CEO Reverses Stance on AI Job Losses, Promises More Hiring

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IBM CEO Reverses Stance on AI Job Losses, Promises More Hiring

In a surprising turn of events, IBM’s CEO, Arvind Krishna, has reversed the company’s stance on AI job losses and instead promises to increase hiring. This announcement comes as a relief to a sector that has been fearful of AI technology leading to widespread job cuts.

Previously, IBM had been one of the first major companies to acknowledge that jobs which could be performed by AI would no longer be filled by human employees. However, Krishna has now stated that IBM has no intention of laying off any programmers due to AI and, in fact, plans to hire even more employees.

During his speech at the Fortune CEO Initiative conference, Krishna confidently declared, I will get more programmers instead of letting any go. He believes that rather than resulting in job losses, AI will actually enhance the productivity of programmers by up to 30%. This aligns with various studies that suggest AI will create more job opportunities for people rather than replace them.

This shift in perspective may come as a surprise, particularly considering that Krishna had previously mentioned that around 30% of IBM’s functions would be replaced by AI and automation within five years, potentially leading to the loss of approximately 7,800 jobs. However, he now explains that while administrative functions in human resources may gradually be eliminated, IBM will be increasing the number of software engineering and sales roles over the next three to four years.

Krishna revealed that, in recent years, IBM has added 8,000 roles while subtracting only about 800. He emphasized that the first tasks to be automated are those that are repetitive and non-creative, while AI is unlikely to completely automate an individual’s entire job. It is estimated that AI may be able to take over approximately 10% to 20% of low-level tasks.

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In conclusion, IBM’s CEO, Arvind Krishna, has provided reassurance regarding job losses related to AI. He now believes that AI will enhance the productivity of programmers and is committed to hiring more employees instead of laying off existing ones. While some administrative functions may be eliminated over time, IBM plans to increase the number of software engineering and sales roles. This shift in perspective highlights the positive potential of AI in creating more job opportunities for individuals.

Frequently Asked Questions (FAQs) Related to the Above News

What was IBM's previous stance on AI job losses?

IBM had previously acknowledged that jobs that could be performed by AI would no longer be filled by human employees.

What is IBM's CEO, Arvind Krishna, now promising regarding AI job losses?

Arvind Krishna is now promising to increase hiring and has stated that IBM has no intention of laying off any programmers due to AI.

How does Arvind Krishna believe AI will impact the productivity of programmers?

Arvind Krishna believes that AI will enhance the productivity of programmers by up to 30%.

What do various studies suggest about AI's impact on job opportunities?

Various studies suggest that AI will create more job opportunities for people rather than replace them.

How does the shift in perspective from IBM's CEO come as a surprise?

The shift in perspective comes as a surprise because Arvind Krishna had previously mentioned potential job losses due to AI and automation.

How many additional roles has IBM added in recent years?

IBM has added 8,000 roles in recent years while subtracting only about 800.

What types of tasks are likely to be automated first?

Repetitive and non-creative tasks are likely to be automated first.

What percentage of low-level tasks may AI be able to take over?

It is estimated that AI may be able to take over approximately 10% to 20% of low-level tasks.

What functions within IBM are expected to be gradually eliminated due to automation?

Administrative functions in human resources are expected to be gradually eliminated due to automation.

What roles does IBM plan to increase over the next three to four years?

IBM plans to increase the number of software engineering and sales roles over the next three to four years.

What does IBM's CEO's announcement highlight about the potential of AI?

IBM's CEO's announcement highlights the positive potential of AI in creating more job opportunities for individuals.

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.

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