Cred CEO Kunal Shah predicts that AI could potentially lead to a 90% job loss over the next decade.

Technology


Kunal Shah, the CEO of Cred, has cautioned that approximately 90% of jobs could be at risk over the next decade due to the rapid advancement of AI.

As we approach the final months of 2023, an increasing number of individuals are recognizing the significance of AI tools and are incorporating them into their daily lives. Whether they are content marketers, writers, or corporate professionals with demanding schedules, AI is gradually becoming an integral part of our daily routines. With tools like ChatGPT, Bard, and Bing, we can accomplish tasks that were once beyond our reach, and companies are also experimenting with their own AI chatbots. However, the looming question in many minds is whether AI will eventually replace humans in their jobs.

The opinions on this matter vary. While some believe that AI will undoubtedly impact the job market, others are more optimistic, viewing AI as a tool to enhance human performance rather than a complete replacement. Kunal Shah, CEO of Cred, falls into the former category and predicts that approximately 90% of jobs are at risk due to AI.

In a recent conversation with CNBC-TV18, Shah emphasized that many people are not fully aware of the risks posed by AI. He expressed confidence that 90% of current jobs may no longer be relevant within the next decade.

Shah also addressed the idea that individuals can safeguard their jobs by upskilling and mastering AI. He disagreed with this notion, stating that rapid upskilling presents a significant challenge, except for those who possess an insatiable curiosity for learning.

“The time to upskill is going to be a real challenge. Unless you are a very curious compounding person, everybody’s job is at risk,” he remarked.

Sam Altman, CEO of OpenAI, the parent company of ChatGPT, has also discussed the potential for AI to replace human jobs on multiple occasions. In an interview with The Atlantic, Altman noted that AI’s impact on humanity may not be entirely positive. He stated that while many working on AI pretend that it will only benefit humans and act as a supplement to their work, this is not the reality.

Additionally, Altman revealed that Open AI could have developed something even more powerful than ChatGPT, but the public may not have been prepared for such an advancement. The potential outcome is described as “unpleasant” to contemplate.

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