CM Revanth Reddy suggests ‘People’s Credits’ policy for AI companies on the lines of carbon credits

CM Revanth Reddy proposes a 'People's Credits' policy for AI companies to support workers displaced by automation during a Harvard symposium.

Chief Minister A Revanth Reddy suggested a novel proposal where he wanted the introduction of the “People Credits” policy for AI companies, similar to carbon credits used to offset pollution, and under this framework, large corporations would be required to compensate or support workers who lose jobs due to AI-led automation.

Describing AI as one of humanity’s greatest inventions, the Chief Minister cautioned that it was a double-edged sword. “If not handled carefully, its adverse impacts could outweigh its benefits,” he said.

He expressed these views while delivering the keynote address at the inaugural Artificial Intelligence (AI) Symposium hosted by the Harvard Kennedy School at Harvard University in Boston on Friday night (March 27).

Chief Minister A Revanth Reddy delivering the keynote address at the inaugural Artificial Intelligence (AI) Symposium hosted by the Harvard Kennedy School at Harvard University in Boston on March 27, 2026.

Drawing parallels with the Industrial Revolution, he said that while machines once challenged human physical strength, AI now challenges human cognitive abilities. However, he asserted that just as mechanisation did not eliminate jobs but transformed them, AI would also reshape professions such as medicine, law, architecture and writing rather than completely replace them.

He acknowledged that entry-level jobs could decline due to AI, even as productivity rises, enabling companies to generate greater output with fewer employees. “For leaders like me, the question, however, is what should the governments do to create an environment where employment increases using AI?”.