Rejecting concerns that Artificial Intelligence (AI) would take away jobs, Union Finance Minister Nirmala Sitharaman on Friday said that it would create a new domain expertise that would facilitate the use of the technology for various purposes.
She recalled that there were similar concerns when computers were introduced in banks in the 1980s, and pointed out that they had improved the efficiency of banks. “Many people had doubts, especially those belonging to trade unions, who said computers will replace workers. But, how much has the country developed today? How many computers have come in and how many [people] are working in banks with the help of computers? Computers are everywhere, even in our homes. Have they taken away jobs or created more?” she said.
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