AI Edition - It's AI Time - 41 [25-05-2024]

AI Edition - It's AI Time - 41 

AI will create job redundancies, but plenty of new roles too

AI is transforming India's job market, automating routine tasks but creating new opportunities in data science, engineering, and machine learning. While some sectors face disruption, AI is expected to generate 12 million more jobs than it displaces by 2025. India's AI talent base is growing rapidly, with demand projected to reach 1 million professionals by 2026. Over 85% of employers and 63% of job seekers are optimistic about AI's potential to create jobs. AI is enhancing human capabilities and revolutionizing sectors like agriculture, healthcare, and education, highlighting the importance of reskilling and adaptation.

Google Search AI Overviews wrong answers: What the company has to say

Google's new AI Overviews in Search, launched in the US, has faced issues with providing strange and inaccurate responses, such as suggesting non-toxic glue for cheese to stick to pizza and recommending eating small rocks for health. Acknowledging these errors, Google spokesperson Meghann Farnsworth stated that the feature is experimental and being refined based on user feedback. The company is taking steps to remove AI Overviews for certain queries to improve accuracy and reliability.

Indian IT Must Brace For Gen AI Wave

India's tech landscape is poised for transformation with the rise of generative AI (GenAI). Companies are readying for GenAI by investing in infrastructure, datasets, and large language models, with major contributions from Microsoft and OpenAI. GenAI's mass adoption spans all age groups, enhancing everything from homework assistance to business efficiency. Indian IT firms are shifting to a GenAI-first mindset, focusing on leveraging AI for improved business results. Despite job loss concerns, GenAI is viewed as a tool for enhancing efficiency and maintaining competitiveness, positioning Indian IT to successfully embrace the GenAI wave.

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