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AI revolution will revive traditional jobs: Zoho CEO Sridhar Vembu
YourStory
·
8m ago
Medial
Sridhar Vembu, CEO of Zoho Corporation, shared his optimistic view on the impact of AI on the job market. Contrary to concerns about mass unemployment, Vembu believes that AI will revive traditional jobs and lead to better wages. While AI can handle routine and technical tasks, there will be a growing demand for jobs that require a human touch. Vembu cited examples such as farmers, artists, and teachers who provide unique value that AI cannot replicate. He also warned against relying too heavily on AI and emphasized the need to distribute its benefits more widely.
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Sridhar Vembu Warns High Software Salaries Not a Birthright
StartupTalky
·
1m ago
Medial
Zoho founder Sridhar Vembu cautions software engineers against assuming their advantages will persist amidst the AI revolution. He highlights that elevated salaries and job security in tech are not guaranteed as AI transforms productivity. Vembu stresses the importance of adaptability, urging engineers to focus on high-value problem-solving over routine tasks, as AI's capabilities expand in software development. His remarks have sparked industry discussions on changing dynamics and job security in the tech field.
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Zoho halts $700 mn chip plan, hits India’s semi aspirations
Inshorts
·
2m ago
Medial
Zoho Corporation has paused its $700 million semiconductor project due to the lack of a suitable tech partner, stalling India’s chip manufacturing goals. The Karnataka-based unit was expected to create 460 jobs. CEO Sridhar Vembu emphasized the need for technological self-reliance. Zoho now refocuses on software, while the government continues semiconductor investment efforts.
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'If all software engineers are out of work': Sridhar Vembu sees power shift, warns of hoarded gains - BusinessToday
Business Today
·
1m ago
Medial
Zoho founder Sridhar Vembu foresees a future where AI could disrupt current economic systems, potentially concentrating wealth among tech monopolies. Instead of mass unemployment, Vembu suggests shifts where human-centered jobs like caregiving, agriculture, and arts will become highly valued. He emphasizes the need for governments to tackle monopolies for equitable distribution of AI benefits. Ultimately, policy, not technology, will determine economic balance and societal well-being in an automated age.
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India needs more electricians, nurses; not Economics degree: Vembu
Inshorts
·
7m ago
Medial
Zoho CEO Sridhar Vembu said India needs to value people who do hands-on work, including electricians, plumbers, welders and nurses. "We need people who build things. We don't need more Economics or Political Science or History majors," he said in a post on X. Vembu was commenting on Musk's old statement advocating for hands-on jobs over college degrees.
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Sridhar Vembu steps down as CEO of Zoho Corp
Entrackr
·
5m ago
Medial
Sridhar Vembu steps down as CEO of Zoho Corp Shailesh Kumar Davey, co-founder of Zoho, will take over as the new Group CEO, while another co-founder, Tony Thomas, will lead Zoho US. Sridhar Vembu, the founder and CEO of Zoho Corp, has transitioned from his active role to take on a new position as Chief Scientist, where he will focus on driving deep R&D initiatives. “In view of the various challenges and opportunities facing us, including recent major developments in AI, it has been decided that it is best that I should focus full time on R&D initiatives, along with pursuing my personal rural development mission,” said Vembu. Shailesh Kumar Davey, co-founder of Zoho, will take over as the new Group CEO, while another co-founder, Tony Thomas, will lead Zoho US. Rajesh Ganesan will head the ManageEngine division, and Mani Vembu will oversee the Zoho.com division. “The future of our company entirely depends on how well we navigate the R&D challenge, and I am looking forward to my new assignment with energy and vigor. I am also very happy to get back to hands-on technical work,” added Vembu. Zoho is one of India’s largest profit-generating SaaS companies, reporting a profit of Rs 2,836 crore in FY23, with revenue growing 29.7% to Rs 8,703.6 crore during the fiscal year. The company has yet to file its annual report for FY24.
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Sridhar Vembu steps down as Zoho CEO, takes on chief scientist role
Economic Times
·
5m ago
Medial
Sridhar Vembu, the founder of Zoho Corp, has stepped down as CEO to focus on research and development as the company's Chief Scientist. He announced that co-founder Shailesh Kumar Davey will be the new CEO, while Tony Thomas will lead Zoho US. Vembu shared this transition on social media, emphasizing his dedication to deep R&D initiatives in his new role. The leadership change aims to support Zoho's growth and innovation.
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What ails the software jobs market? Zoho's Sridhar Vembu says it's not AI
Economic Times
·
4m ago
Medial
Zoho founder Sridhar Vembu suggests that the software industry's challenges are due to excess capacity from abundant venture capital, not artificial intelligence (AI). This has led to inefficiencies, with duplicated IT systems draining resources. Companies often hire Indian talent to manage these inefficiencies, creating many IT jobs. While AI can boost productivity by 10-20%, it doesn't pose a significant threat to jobs yet. The industry faces challenges from changing skill requirements and automation.
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Wanted to hire him in 2004: Zoho CEO as Sriram Krishnan's named White House's AI advisor
Inshorts
·
6m ago
Medial
Zoho CEO Sridhar Vembu congratulated Indian-American businessman Sriram Krishnan on being named the White House's Senior Policy Advisor on AI. Adding that he came across Sriram's blog in 2004, he said, "I was so impressed I wanted to recruit him but Microsoft already had recruited him." "Thank you Sridhar. You've been an inspiration to [Aarthi Ramamurthy] and me," Sriram replied.
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Zoho ramps up communication platform 'Cliq' to take on Slack and Zoom
Money Control
·
1y ago
Medial
Software major Zoho has announced updates to its communication and collaboration platform, Zoho Cliq, as CEO Sridhar Vembu stated that Salesforce's Slack is not viable and lacks AI capability integrations. Zoho Cliq, launched in 2017, competes directly with Slack and Zoom. The platform has seen a 30% increase in user migration from Slack and Zoom, with a 150% growth in revenue in India. Zoho Cliq offers a customizable interface with language customization capability, and the new features will be available from November 2023. Zoho is optimistic about the Indian market, aiming to become the second-largest market in 2-4 years.
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Practise real capitalism: Vembu as CEO says 'Capitalism not tolerated' in India
Inshorts
·
8m ago
Medial
Zoho CEO Sridhar Vembu told Atomicwork CEO Vijay Rayapati to "practise real capitalism" after he said "capitalism isn't tolerated" in India even by those reaping its benefits. Rayapati remarked on Vembu's post calling layoffs by Freshworks "naked greed". "Real capital building works [by] taking care of your employees and building long-term successful companies," Vembu said.
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