Indian American billionaire businessman and venture capitalist Vinod Khosla is betting on Artificial Intelligence disrupting high expertise jobs like doctors in India but cautions the need for income redistribution in the long term. In a conversation with ET, he talks about AI, data bias and modified capitalism.
In a country like India with a lot of unemployment and falling opportunities for formal jobs, wouldn’t AI be disruptive?
People have the wrong view of AI. The highest expertise jobs are the easiest to disrupt. The guy who is doing delivery isn’t going to be disrupted as easily as an oncologist. My view is the greater the expertise, the easier it would be to disrupt, and the more India needs it. There aren’t many oncologists for cancer. High expertise is where the biggest upside of AI for India.
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One of the arguments is that there aren’t enough jobs available. Do you think people will be able to improve their earning capability with AI?
AI will impact jobs. The question is when AI disrupts jobs, it will generate lots of income. I have long said redistribution of income will be very critical. In the next 10 years, we won’t see a big impact, it will be longer term. Fairly simplistic things will happen in the next 10 years. Over longer term, it will be more disruptive. You will never have to pay for a doctor and lawyer.
Source: Economic Times
