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Time of India
6 hours ago
- Time of India
AI can't replace people with this quality: Telegram founder says it outlasts intelligence or creativity
Leading Through Actions Finding the Positive in All Situations — durov (@durov) The Moral Compass Strength In a world where artificial intelligence is becoming increasingly capable of mimicking human intelligence and creativity, some traits remain beyond its reach. One of them, according to Telegram founder Pavel Durov, is a moral compass — a quality he believes will hold its value even in the most technologically advanced his father's 80th birthday, Durov took to X (formerly Twitter) to share three lessons that have shaped his life. His father, a prominent scholar and leading authority on Ancient Roman literature, has had a profound influence on both Pavel and his brother through his work ethic, perspective, and moral grounding. Drawing from his father's life and wisdom, Durov shared these lessons that have shaped his values and approach to first lesson revolved around the idea that actions speak louder than words. He explained that his father's tireless work on books and academic research provided a real-life example of discipline and perseverance. Growing up, witnessing this consistent dedication instilled in him the belief that true leadership comes from demonstrating values through personal conduct, rather than simply talking about second piece of advice centered on maintaining an optimistic outlook, even in challenging times. Durov shared that his father's formative years in post-war Leningrad taught him to manage his emotions and focus on being a positive force for those around him. This mindset, he said, encouraged framing thoughts in ways that could create the most good, regardless of third and most striking lesson, according to Durov, was the emphasis on conscience. Through years of studying and translating the works of historical figures like Julius Caesar and Seneca, his father observed that morality consistently outlasts talent. Durov stressed that while intelligence and creativity may one day be replicated or surpassed by AI, a strong moral compass is a distinctly human quality that will retain its value sharing these insights, Durov showed the importance of principles and character in a rapidly evolving technological landscape. His father's wisdom, shaped by decades of scholarship and life experience, offers a reminder that the human element remains vital — even as artificial intelligence advances.
Economic Times
8 hours ago
- Economic Times
London suffers most job losses after tax hikes
iStock Representative image. London is bearing the brunt of the UK's jobs slowdown as a combination of tax rises, elevated wage costs and weak consumer spending force the city's business to cut payrolls faster than in the rest of the country. The capital has shed almost 45,000 payrolls since October when the Labour government announced a £26 billion ($35 billion) hike in employers' national insurance-a payroll tax-and a new higher minimum wage, according to tax data. It means one in four of all job losses across the country have come in the UK's most productive region. Combined with the surrounding South East region, the rate rises to nearly four in 10 lost jobs. Retail and hospitality are among the worst-affected sectors, according to figures published by the Office for National Statistics earlier in the week, and a large share of these roles are based in London-business group UKHospitality says about a third of jobs in its sector are in the pubs and restaurants going is increasingly difficult, according to Kate Nicholls, UKHospitality's CEO. She said London was the least competitive city in Europe in terms of taxes and other costs and has lost around 30,000 hospitality jobs over the last year."The rent is higher, the business rates are higher, the wage costs are higher, and we are not seeing enough money coming through the front door to be able to cover those costs and for businesses to remain viable," Nicholls data from Indeed - a jobs website - confirmed that vacancies in London have dropped faster than the national average since October. Retail and hospitality job ads in the capital fell almost 40% over that period, compared with declines of 26% and 9%, respectively, recorded across the country. Public v private GDP data on Thursday showed the UK growing at a faster rate than other G7 countries, but most of the boost came from government spending, while consumers are still reluctant to splash out. (Join our ETNRI WhatsApp channel for all the latest updates) Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Tariffs, tantrums, and tech: How Trump's trade drama is keeping Indian IT on tenterhooks Good, bad, ugly: How will higher ethanol in petrol play out for you? As big fat Indian wedding slims to budget, Manyavar loses lustre As 50% US tariff looms, 6 key steps that can safeguard Indian economy Stock Radar: JSPL forms Ascending Triangle pattern on weekly charts, could hit fresh 52-week high soon Nifty and business are different species: 5 small-cap stocks from different sectors with upside potential of up to 30% F&O Radar | Deploy Bear Put Spread in Nifty to play index's negative stance amid volatility Wealth creation: Look beyond the obvious in some things; 10 fertilizer sector companies worth watching
Economic Times
12 hours ago
- Economic Times
Enterprises see AI's main value in better decision-making rather than as an automation tool: Survey
TIL Creatives All large enterprises covered in a survey see the main value of artificial intelligence in improving the decision-making process rather than its use as a pure automation tool, a business-to-business publication firm CIO & Leader said on Friday. Generative AI deployments have grown five times since 2023, transforming creative processes from marketing content to software code, and by the end of 2025, 30% of IT services will be fully automated by AI, the State of Enterprise Technology Survey 2025 said. The survey is based on insight received between May and July 2025 from over 350 chief IT officers or chief technology officers of enterprises having an annual turnover of over Rs 5,000 crore. "100% of enterprises cite better decision-making through insights as their top AI priority, reflecting AI's role as a cognitive enabler rather than just an automation tool," the report to the survey, 98.4% of enterprises prioritise cost reduction and process efficiency and operational agility or business resilience for AI adoption, showing the technology is valued for both immediate returns and long-term adaptability, while 96% see AI's value in customer experience enhancement, as it offers personalisation, service automation, and interaction insights."93% of enterprises will increase AI and analytics investment in 2025, with more than half projecting significant budget hikes," the survey said. The use of AI in IT operations has made it the most mature use for the technology, as 41% of enterprises are using it for functions such as automation, anomaly detection, and ticket triage. AI adoption in finance (31%) and customer service (28%) is being driven by forecasting tools, chatbots, personalisation, and self-service 90% of enterprises see data security and privacy as top barriers to AI adoption, followed closely by data quality 85% of enterprises prefer building AI capabilities internally, with 51 per cent rating it as their "most likely" approach. "The investment intent is crystal clear: Indian enterprises want AI embedded into the fabric of decision-making. The challenge is ensuring that these investments mature into governed, measurable programmes rather than isolated experiments," CIO&Leader, executive editor and research lead Jatinder Singh said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Tariffs, tantrums, and tech: How Trump's trade drama is keeping Indian IT on tenterhooks Good, bad, ugly: How will higher ethanol in petrol play out for you? As big fat Indian wedding slims to budget, Manyavar loses lustre As 50% US tariff looms, 6 key steps that can safeguard Indian economy Stock Radar: JSPL forms Ascending Triangle pattern on weekly charts, could hit fresh 52-week high soon Nifty and business are different species: 5 small-cap stocks from different sectors with upside potential of up to 30% F&O Radar | Deploy Bear Put Spread in Nifty to play index's negative stance amid volatility Wealth creation: Look beyond the obvious in some things; 10 fertilizer sector companies worth watching
