IBM CEO Arvind Krishna Believes AI Can Enhance Productivity for All

IBM, a tech company with a long-standing history predating the fame of Apple and Google, is currently led by CEO Arvind Krishna, who hails from India. As artificial intelligence gains widespread attention from policy-makers, entrepreneurs, and the general public, Krishna has made noteworthy remarks.

Speaking on Friday, Krishna said he was very “excited” about AI’s power to boost productivity, which could help businesses and even economies grow faster – yesterday an Australian official said AI has the power to grow the country’s economy many times over. Australia’s Productivity Commissioner Michael Brennan said on Thursday that artificial intelligence could have a big impact on improving economic output in the coming decades as the Western world deals with a productivity crisis.

Speaking at the B20 Summit India 2023, Krishna said that by building in digital infrastructure, artificial intelligence (AI) can take over certain low-level cognitive tasks and be able to do them.

“When you can do that, you make everyone more productive, you actually have more workers… you generate more GDP in every country… When we go back to the early B20s about inclusion, that’s the way. to make GDP grow faster in every country,” he said.

Krishna added, “Our goal should be – how do we make safe and responsible AI that can benefit the productivity of businesses and governments.”

“Technology adoption is happening from the global south, as we have already seen in the incredible service industry that has emerged in India. There, I think the focus should be initially on the south, not just to offer it domestically but globally, because these workers are lacking everywhere else,” PTI quoted him as saying.

Noting that the working-age population of developing countries is shrinking, he said there is only one answer to how to increase the need for labor.

Krishna pointed out that more than half of the world has a declining working-age population, and it’s really hard to fill jobs in those places.