Only 10 jobs created for every 100 jobs taken away by Artificial Intelligence

BENGALURU: At least 10 new AI-based jobs are being created for every 100 positions made redundant in traditional technology, experts in the field have said. However, the new roles are not being created as quickly as the positions that are eliminated and companies are increasingly training talent to fill the gap in artificial intelligence skills. This was the key takeaway from ET's recent conversation on Technology Talent Equilibrium with Sridhar Mitta, founder of digital technology services provider NextWealth Entrepreneurs; Prakash Mallya, the head of Intel India, and Supriyo Das, vice-president, Wipro Technologies. "If 100 jobs are cut, 10 jobs are created. The people who are losing jobs have different skills, and they're going away. People are getting new jobs on different skillsets," Mitta said.