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AI could create 78 million more jobs than it eliminates by 2030—report

Arstechnica

Arstechnica · 7m ago

AI could create 78 million more jobs than it eliminates by 2030—report

A World Economic Forum report suggests AI could create 170 million jobs while eliminating 92 million by 2030, resulting in a net gain of 78 million jobs. Although 40% of companies plan workforce reductions due to automation, half intend to hire AI-skilled talent. Certain job roles, like postal service clerks and graphic designers, may decline, but human-machine collaboration is expected to increase. Companies will focus on retraining workers to adapt to AI systems.

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Emerging tech skill sets to drive 1 mn jobs by 2030: Quess IT Staffing report

Livemint

Livemint · 8m ago

Emerging tech skill sets to drive 1 mn jobs by 2030: Quess IT Staffing report

Emerging technologies like quantum computing and generative AI are projected to create over 1 million jobs in India by 2030, contributing $150 billion to the economy, a Quess IT Staffing report reveals. Key skills in AI/ML, cybersecurity, cloud computing, data science, and blockchain are driving this transformation, impacting sectors like healthcare and finance. Bengaluru leads in tech hiring, followed by Hyderabad and Pune, as highlighted in the Technology Skills Report 2024.

India's renewable energy sector to attract Rs 30.5 lakh Cr investment by 2030: Economic Survey

YourStory

YourStory · 1y ago

India's renewable energy sector to attract Rs 30.5 lakh Cr investment by 2030: Economic Survey

The Economic Survey suggests that mobilizing finance, resolving land acquisition issues, and attracting competitive investments are crucial for achieving India's target of 500GW renewable energy by 2030. The survey highlights that the sector is expected to receive investments worth approximately Rs 30.5 lakh crore between 2024 and 2030, creating significant economic opportunities. Additionally, it recommends banking sector readiness for financing, exploring international funding, and addressing technical and financial bottlenecks for risk mitigation. The survey also emphasizes the role of state governments in land acquisition for renewable energy projects. It projects that renewable energy initiatives could create around 3.4 million jobs by 2030.

Global Capability Centres to generate 1M jobs in 6 years: NLB Services report

YourStory

YourStory · 6m ago

Global Capability Centres to generate 1M jobs in 6 years: NLB Services report

Global capability centres (GCCs) are increasingly targeting India due to its skilled workforce and favourable policies. A report by NLB Services predicts GCCs will create 1 million jobs and employ 3.3 million professionals by 2030, with the number of centres exceeding 2,100, reaching a $100 billion market size. Demand is high for skills in customer experience, cybersecurity, digital transformation, AI, and cloud computing. Cities like Bengaluru and Pune are key hubs, focusing on inclusivity and niche skills.

Small businesses adopting cloud can unlock Rs 1.6 trillion in productivity gains by 2030: AWS

Money Control

Money Control · 1y ago

Small businesses adopting cloud can unlock Rs 1.6 trillion in productivity gains by 2030: AWS

According to a report by Amazon Web Services (AWS), small businesses in India embracing cloud-enabled technologies could unlock up to Rs 1.6 trillion in annual productivity gains by 2030. This could also lead to the creation of 45.9 million jobs across sectors like healthcare, education, and agriculture. The report suggests that with greater adoption of cloud technologies, small businesses can address food shortage problems, revolutionize the healthcare sector, and provide e-learning solutions to millions of students in India.

Why the world's biggest VC believes Indian IT is facing a risk

Livemint

Livemint · 6m ago

Why the world's biggest VC believes Indian IT is facing a risk

Andreessen Horowitz, a major venture capital firm, recently sparked debate by suggesting that AI could automate mundane IT industry tasks, impacting India's $254-billion technology sector that employs 5.4 million people. Experts believe AI could challenge traditional IT jobs, yet some industry leaders downplay the threat, seeing AI as a tool rather than a job replacement. Meanwhile, large IT companies are urged to adapt to AI’s rise to maintain their market positions.

Number of startups in India to double to 2.4 lakh by 2030

Economic Times

Economic Times · 5m ago

Number of startups in India to double to 2.4 lakh by 2030

India's startup ecosystem is set to double by 2030, growing from 1.2 lakh to 2.4 lakh startups, with unicorns increasing from 120 to 280, a report suggests. This expansion is expected to generate 50 million jobs, including direct white-collar roles and gig economy opportunities. Founders with more experience are leading these ventures, while sectors like AI, SaaS, and clean tech attract investor interest, driving transformation and creating new opportunities across industries.

AI can create more jobs than it potentially eliminates: Tech Mahindra's CP Gurnani

Economic Times

Economic Times · 1y ago

AI can create more jobs than it potentially eliminates: Tech Mahindra's CP Gurnani

Tech Mahindra's outgoing CEO, CP Gurnani, believes that generative AI technology has the potential to create more job opportunities rather than eliminating them. While there have been concerns about the impact of AI on job markets, Gurnani asserts that skilled individuals will not be replaced and that new jobs will also be created. He encourages young engineers to adapt to the changing world and independently acquire new skills. This perspective contrasts with the notion that AI could lead to significant job losses.

AI and machine learning: Driving a global tech revolution worth trillions - The Economic Times

Economic Times

Economic Times · 1d ago

AI and machine learning: Driving a global tech revolution worth trillions - The Economic Times

AI and ML are revolutionizing global industries, projecting a $15.7 trillion economic impact by 2030. These technologies enhance healthcare through early disease detection, improve financial services by preventing fraud, and optimize retail with predictive analytics. AI boosts manufacturing by predicting equipment failures, increasing safety and efficiency. Despite concerns over job loss, AI is expected to create 97 million new jobs by 2025. Ethical AI use and regulation are crucial for sustained innovation and trust.

Microsoft has shelled out $76 million for a pumpkin farm in Wisconsin

Business Insider

Business Insider · 1y ago

Microsoft has shelled out $76 million for a pumpkin farm in Wisconsin

Microsoft has purchased 407 acres of land in Wisconsin for a new data center campus, including a pumpkin farm attraction. The $76 million deal with the Creuziger family is a major win for them, as it was more than three times the amount offered by the local government in 2017. Microsoft has also made other land deals in the region, with construction already underway for the first phase. The company expects the data center to create jobs and meet the increasing demand for computing power in AI technology.

Indian Soonicorns Have Created 1.26 Lakh Jobs To Date

Inc42 · 1y ago

Indian Soonicorns Have Created 1.26 Lakh Jobs To Date

According to a recent report by Inc42, Indian soonicorns (startups valued at over $1 billion but not yet IPOed) based in Bengaluru, Mumbai, and Delhi NCR have created nearly 90% of employment opportunities. These soonicorns, which have raised more than $15 billion and have a cumulative valuation of over $40 billion, have created more than 126,000 jobs to date. Fintech soonicorns have emerged as the biggest employment providers, followed by ecommerce and enterprise tech sectors. Despite the challenges faced by Indian startups over the past two years, the number of unicorns in India is expected to rise to over 280 by 2030, led by fintech, ecommerce, and enterprise tech soonicorns.

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