AI-Induced Job Displacement Hits Indian Workforce – Paytm, Google, and Nike Take Measures:
The Indian job market is witnessing the impact of artificial intelligence as companies like Paytm, Google, and Nike implement measures to cut costs and enhance automation.
Paytm recently laid off 1,000 employees, citing AI-powered automation for reducing employee costs. Google is reportedly restructuring its sales team globally, leveraging AI to streamline operations. Nike plans to cut hundreds of positions worldwide, emphasising automation to achieve a $2 billion savings over the next three years. Experts anticipate job displacement in 2024, with over 16 million employees in India requiring reskilling by 2027 due to increased AI adoption, according to HR services firm TeamLease Digital.
While job losses are apparent, some experts predict the creation of millions of new opportunities in sectors like manufacturing and retail through reskilling efforts.
US Chief Justice on AI in the Legal Field:
In a year-end report, Chief Justice John Roberts expresses a mixed view on AI’s impact on the legal field, emphasising caution and humility in its adoption.
U.S. Supreme Court Chief Justice John Roberts in his year-end report: “AI is based largely on existing information, which can inform but not make such decisions. … I predict that human judges will be around for a while.” https://t.co/pQqCdYxCJc
— Axios (@axios) January 2, 2024
Roberts acknowledges AI’s potential to enhance access to justice for the underprivileged, revolutionise legal research, and expedite case resolutions. Despite predicting the continued presence of human judges, he asserts AI will significantly influence judicial work, especially at the trial level.
The Chief Justice underscores the need for a balanced approach as evolving technology transforms the practices of judges and lawyers.
Vint Cerf Advocates Safe Harbor for Tech Firms in Policymaking:
Internet pioneer Vint Cerf, a key figure in the development of the Internet, emphasises the importance of retaining safe harbor provisions for tech firms in government policymaking.
Cerf urges caution and transparency from companies engaged in artificial intelligence (AI) and generative AI, emphasising the need for responsible introduction of these technologies.
In a video interview, Cerf criticises the abandonment of safe harbor ideas, urging collaboration between governments, companies, and stakeholders to determine appropriate functionalities. He underscores accountability for content generation and highlights the mutual benefit of government and industry working together in this evolving landscape.
