Infosys founder Narayana Murthy makes surprising statement on AI and jobs, he says...
Narayana Murthy (File)
While many people around the world are worried about whether AI will take away jobs, N.R. Narayana Murthy is doing something different, he is using it to get more done. In a recent interview, Murthy said he uses ChatGPT, a tool by OpenAI, to help write his speeches. Thanks to this, he said that he has become five times more productive. 'Earlier, I used to take about 25-30 hours to prepare a lecture, because I take these things very seriously,' Murthy told Moneycontrol. 'There must be a theme, a sub-theme, they must be interrelated. At the end, there must be a strong message, all of that.'
That changed when his son, Rohan Murty, asked him to try ChatGPT. 'In a matter of five hours, I could improve the draft. In other words, I improved my own productivity by as much as five times,' Murthy added.
Murthy, who helped start Infosys and played a major role in building India's tech sector, is now a strong supporter of AI. And he wants others in the industry to also embrace this change.
The IT industry veteran also believes that AI, if used as an assistive tool, will not only help software firms deliver faster and better results but also reduce errors and improve the quality of work. His advice to India's USD 280 billion IT industry is simple: 'Don't complain, move forward and grow.'
He says AI isn't killing tech jobs but it is giving them a boost. The real benefit, according to Murthy, is that AI can help us: Ask better questions
Write code faster
Improve the quality of our work
Back in the 1970s, Murthy used to create basic code templates manually, what he calls 'skeletons of code.' Today, AI can generate those same templates in just seconds.
His comments come at a time when the IT industry in India is facing: Slow growth in revenue
Careful hiring decisions
The need to upgrade old ways of working
Even top companies like Infosys and HCLTech have accepted that the industry is going through a big shift.
Murthy compares today's fear of AI to the situation in 1970s Britain, when bank workers protested against the introduction of computers. But what happened later? That same industry now has 40 to 50 times more jobs.
His message is clear: AI isn't a threat. It's a tool. Use it to grow.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
36 minutes ago
- Time of India
Infosys And Adobe join hands to incorporate AI in marketing
IT services bellwether Infosys announced a strategic collaboration with Adode to transform marketing life cycle of global brands with artificial intelligence (AI), according to a statement on Wednesday. Infosys Aster marketing suite and Adobe will launch a joint offering under the partnership for global brands and marketers to unify customer experience at scale, personalise content to drive growth and streamline workflows. The financial details of the deal were not divulged. Infosys Aster is a set of AI-amplified marketing services, solutions and platforms for enterprises. It offers AI-powered agility for marketing value chain with creative services, experience design, digital commerce, marketing technology orchestration, performance marketing and marketing helps brands create personalised, data-driven campaigns across touchpoints, combining content, data, and AI to create seamless, real-time experiences intended to encourage customer loyalty and growth.
Time of India
an hour ago
- Time of India
Sebi proposes widening accreditation scope for KRAs, allows AIFs to provisionally onboard investors, public consultation sought till July 8
The Securities and Exchange Board of India (Sebi) on Wednesday proposed two key regulatory reforms aimed at expanding the investor accreditation framework and accelerating onboarding processes for Alternative Investment Funds (AIFs). The regulator has invited public feedback on these proposals by July 8. Under the suggested changes, all KYC Registration Agencies (KRAs) would become eligible to function as accreditation agencies, reversing the current restriction that limits the role to subsidiaries of stock exchanges and depositories, PTI reported. Sebi noted that only two accreditation agencies—CDSL Ventures Ltd and NSDL Data Management Ltd—are currently operational, both of which are KRAs. Expanding eligibility 'would not disrupt the existing accreditation ecosystem' and could bring in more players, boosting competition and reducing costs, the market watchdog said in its consultation paper. The regulator pointed out that five KRAs are already registered, and broadening their role would inject efficiency and choice into the accreditation process. The proposal also empowers AIF managers to provisionally onboard investors as accredited clients, based on first-level due diligence, subject to issuance of a formal accreditation certificate. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo To ensure compliance, Sebi stipulated that investment funds cannot be accepted from these provisionally onboarded investors until a valid accreditation certificate is obtained. Additionally, any capital commitment made before certification will not count towards the scheme corpus. For close-ended AIF schemes, the paper mandates that if accreditation is not secured before the final close, AIFs must void the contribution agreement and not accept any funds from the investor. Currently, the onboarding process requires investors to obtain a certificate before being recognised as accredited, and their capital commitment is only included post-accreditation. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
NDTV
an hour ago
- NDTV
Sam Altman Says Meta Offered OpenAI Staffers $100 Million Bonuses
OpenAI Chief Executive Officer Sam Altman said Meta Platforms Inc. has offered his employees signing bonuses as high as $100 million, with even larger annual compensation packages, as it seeks to build a top artificial intelligence team. "It is crazy," Altman said on the podcast Uncapped, which is hosted by his brother. While Meta has sought to hire "a lot of people" at OpenAI, "so far none of our best people have decided to take them up on that," Altman added. Sam Altman Meta CEO Mark Zuckerberg has been personally recruiting for a new "superintelligence" group, offering high sums to top AI researchers across the industry. Last week, the company announced a $14.3 billion investment in Scale AI. Meta also recruited Scale's CEO, Alexandr Wang, to join the team. Meta didn't immediately respond to a request for comment. The company has poached top engineers from multiple tech firms, including Jack Rae, a principal researcher at Google DeepMind, Bloomberg has reported. "I've heard that Meta thinks of us as their biggest competitor," Altman said. "I respect being aggressive and continuing to try new things." He had a theory for why people are turning down the offers. "There's many things I respect about Meta as a company, but I don't think they're a company that's great at innovation," he said, noting the cultural risks of creating jobs that could become more about the money than the work. "I think we understand a lot of things they don't."
