In a TIME interview, IBM CEO Arvind Krishna discusses AI’s transformative impact on business and society. He emphasizes that AI will augment rather than replace human workers, predicting it will eliminate tasks rather than entire jobs. Krishna estimates that 30% of back-office tasks could be automated within 5 years, potentially saving $65 billion annually for IBM’s consulting clients. He highlights IBM’s approach to AI development, focusing on enterprise applications and responsible innovation. The CEO addresses concerns about AI’s impact on employment, suggesting that while some jobs will evolve, new roles will emerge. Krishna also discusses IBM’s watsonx platform and their commitment to practical AI applications that solve real business problems. He emphasizes the importance of data security and ethical AI development, noting IBM’s stance on responsible AI deployment. The interview reveals IBM’s strategic positioning in the AI landscape, focusing on business-specific applications rather than competing directly with consumer-facing AI companies. Krishna acknowledges the rapid pace of AI advancement while maintaining that human oversight and judgment remain crucial. He projects that AI will drive significant productivity gains across industries but requires careful implementation and consideration of societal impacts.
Source: https://time.com/7263217/ibm-ceo-arvind-krishna-interview/