Photo: Indranil Bhoumik/MintKochi: Former Reserve Bank of India (RBI) governor Raghuram Rajan on Friday expressed fears that artificial intelligence (AI) would take up jobs—both high skilled and unskilled. With advances in machine learning, artificial intelligence and robotics, this was going to change still further, as they take up the jobs,ranging from those in unskilled sweatshops to high-skilled professions like medicine, the former RBI governor said. The former RBI governor said another aspect of the fear was where the incomes would come from; the answer to which was an assured universal basic income. “We have to make sure Indian capital is available because often it is closest to the ground and understands the financing better,” Rajan said. Too many of our people are too poorly educated or skilled to compete in a globalised tech-enabled economy,” Rajan noted.

Source: Mint March 23, 2018 16:18 UTC