Politicians and economists are divided about whether Artificial Intelligence (AI) will end the employment of people on a large scale in the coming days. Now Geeta Gopinath, the first Indian-origin deputy managing director of the International Monetary Fund (IMF), has also warned about this. However, this is completely opposite to a recent statement given by Congress leader Rahul Gandhi in this regard.
Geeta Gopinath says that in the coming times, artificial intelligence will bring a big change in the job market. That's why governments and policy makers should prepare in advance. They should make a policy to regulate this new technology and soon prepare rules regarding it.
Governments need to create 'social safety net'
Geeta Gopinath said in an interview to the Financial Times that governments need to create a social safety net for those whose jobs will be at risk from AI technology. At the same time, the tax policy will have to be made in such a way, where companies are rewarded for replacing humans with machines and adopting technology.
Some companies can be more powerful than the government
Geeta Gopinath asked governments and policy makers to be careful. He says that some companies can become so powerful with new technology in the coming times that they can take advantage of it as they want, because they will have that much data. At the same time, it will be difficult to take any action against such companies.
Rahul Gandhi considers AI 'revolutionary'
This opinion of Geeta Gopinath is completely different from the statement of Congress leader Rahul Gandhi, which he gave during his recent visit to America at an event in Silicon Valley. Rahul Gandhi had said that he does not think that AI will lead to crores of jobs on a large scale. Rather, it is a technological revolution, which will generate many new jobs instead of some jobs.
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