IBM to pause hiring certain roles that can be replaced by AI

  • 📰 DenverChannel
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

IBM's CEO said he could see about 7,800 jobs at his company being replaced with artificial intelligence.

Arvind Krishna, CEO of IBM, told Bloomberg that the company plans to pause or slow hiring in back-office jobs, including in departments like human resources. He believes many of the duties a person in those roles take on will be able to be completed by artificial intelligence in the coming years.

“I could easily see 30% of that getting replaced by AI and automation over a five-year period," Krishna told the publication. IBM is one of the largest employers in the U.S. with about 280,000 employees, according to Forbes.Replacing human workers with AI is a fear as the technology evolves and improves.

A petition signed by top tech experts, including Elon Musk and Apple co-founder Steve Wozniak, calls for a temporary six-month pause in AI development. The petition poses the question:"Should we automate away all the jobs, including the fulfilling ones?"However, AI development shows no signs of stopping. In addition to OpenAI's recent release of its GPT-4 technology, Microsoft and Google have unveiled similar AI-powered chatbots.SEE MORE: US regulators plan to go after harmful AI business practices

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 239. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IBM expects to pause hiring for thousands of jobs that can be done by AI: reportThe CEO of International Business Machines Corp. expects to pause the hiring of thousands of people for positions that could be replaced by artificial...
Source: MarketWatch - 🏆 3. / 97 Read more »

IBM to pause hiring in plan to replace 7,800 jobs with AI - Bloomberg NewsInternational Business Machines Corp expects to pause hiring for roles as roughly 7,800 jobs could be replaced by Artificial Intelligence (AI) in the coming years, CEO Arvind Krishna told Bloomberg News on Monday.
Source: Reuters - 🏆 2. / 97 Read more »