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Fortune
Fortune
Paolo Confino

IBM CEO who plans hiring pause for 7,800 jobs due to A.I. says the world will be worse without the technology. 'Otherwise quality of life is going to fall'

Arvind Krishna, CEO of IBM (Credit: Bloomberg)

IBM CEO Arvind Krishna thinks A.I.’s ability to increase worker productivity is the solution to a vexing problem faced by many developed countries: shrinking workforces. 

“In all of these developed countries there is actually a disinflation in the demographics,” he said in an interview with CNBC on Tuesday. “Population is flat or in the worst case declining. Then if I look at people who are working age, it is declining, so you need to get productivity. Otherwise, quality of life is going to fall. And A.I. is the only answer we got.” 

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