AI is often said to be a job killer, promising massive cost savings by replacing human workers. But Zoho CEO Sridhar Vembu offers a more cautious take on the matter, advising people to stay informed and prepared.
While AI is advancing quickly, Vembu points out that the real impact on jobs is still small. A recent study shows that despite the growing use of AI, it has not yet caused major shifts in productivity or job markets. Even after two years of using AI tools like chatbots, the effects have been minimal.
The Reality of AI’s Job Impact
The study, Large Language Models, Small Labor Market Effects, found that AI has not drastically changed the job market. While it has created some new tasks, overall, the pace of change is slow. The study suggests that businesses need to invest more in AI and rework their workplaces to unlock its full potential.
The Internet Reacts
Many believe that, like the early days of computers, AI will initially impact low-skill jobs but eventually lead to a shift in required skills. Others argue that people should focus on upgrading their skills, as AI won’t replace jobs overnight.
The Key to Staying Relevant: Upskilling
Sridhar Vembu has always stressed the importance of upskilling. He believes AI can handle repetitive tasks, but complex and creative work still requires human insight. Upskilling is essential to stay ahead in an AI-driven world.
Final Thoughts
AI’s impact on jobs is still unfolding, but it’s clear that upskilling is crucial. To stay competitive and protect your career, focus on learning and adapting to new technologies. The future may be uncertain, but those who invest in their skills will be ready for the changes ahead.
