News on Medial

'AI's biggest victim would be Bengaluru': Viral post claims AI will cut IT jobs, drive down skyrocketing rents

Business Today · 2d

A viral post claims that AI's ability to perform tasks of entry-level software developers could drastically affect IT jobs, particularly in Bengaluru, potentially driving down rents due to job displacement. Industries like finance, operations, and accounting are also vulnerable to AI automation through tools like chatbots and RPA. Nevertheless, some argue that IT roles are secure for now, as AI struggles with maintaining code. Meanwhile, Bengaluru's rental market is influenced by tenant behavior.