Tuesday , September 17 2024

Will AI lead to mass layoffs? Infosys CEO Salil Parekh reveals the truth

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Infosys CEO Salil Parekh said that there is a strong interest from customers in generative AI and there is a huge demand for it in the company as well. He also said that he does not expect any layoffs in his company due to these new-age technologies. Regarding the GST tax demand of $ 3.9 billion, Parekh said that Infosys has already informed about it and has also disclosed it in the information given to the stock market.

Generative AI is getting good response from customers

Salil said that he has no new information to share at the moment. When asked if the company will make provision for pending tax demand for many years, he said, “We do not have any new information. The situation is the same as we told you a few days ago.” He said that Generative AI has received a very good response from customers and compared it to the trend seen for digital and cloud technology in the past.

The use of generative AI will increase over time

The CEO of India’s second-largest IT company Infosys believes that the adoption of generative AI will increase over time as businesses see the benefits and commercial results it brings. “So we think it will accelerate over time, but we will wait and see how it evolves. It is something like we started with digital or cloud a few years ago,” he said.

2.5 Employees were given training in Generative AI 

He said that if these will benefit the customers, more and more people will adopt it. Let us tell you that the giant IT company is strengthening its position in AI like other Indian and global companies. Earlier this year, Infosys said that it is working on 225 generative AI programs for customers and more than 2.5 lakh employees have been trained in the field of generative AI.