Business Matters | Will companies’ use of generative AI affect job intake?
The Hindu
In this episode of Business Matters, we discuss the use of AI and how that affect jobs
AI has been talked of for decades now. Why has AI caught public imagination in recent times?
Let’s take a look at what developments have taken place in recent weeks in the context of AI.
First off, Bloomberg wrote about a Chinese company in the advertisement business that intends to “ditch humans in favour of ChatGPT-style AI.
The $3-billion Bluefocus Intelligent Communications Group Co, one of China’s best-known media firms, haS said in an internal memo that it plans to replace its external copywriters and graphic designers with ChatGPT-like generative AI models. Bloomberg said the company had reached out to Alibaba Group and Baidu Inc. to explore licensing their technology.
Back home, our own Tata Consultancy Services (TCS) is developing AI tools that could code entire enterprise-level solutions for their clients. In an interview to BusinessLine, COO N. Ganapathy Subramaniam, says “We had always felt that there will come a time when we should be writing software that generates software. Our tool MasterCraft, is a repository tool that we developed two and a half decades ago, and it is fundamental to our well-being in many ways. For example, our banking tool, TCS Banks, is completely developed using MasterCraft. This means that not a single line of code is handwritten, everything is generated.”
Where do you think we are at on this curve with ChatGPT? Are we at the stage of Innovation or are we at the peak of inflated expectation? Or have we jumped onto the slope of enlightenment without having to go through any disillusionment?
Script and presentation: K. Bharat Kumar
“We are judges and therefore, cannot act like Mughals of a bygone era ... the writ courts in the guise of doing justice cannot transcend the barriers of law,” the High Court of Karnataka observed while setting aside an order of a single judge, who in 2016 had extended the lease of a public premises allotted to a physically challenged person to 20 years contrary to 12-year period stipulated in the law.