AI's Impact on Jobs Discussed at Conferences

The rise of artificial intelligence (AI) is prompting concerns about job displacement across various sectors. Vasco Pedro, CEO of Unbabel, announced at the Web Summit that advancements in AI could eliminate the need for human translators within three years, significantly reducing translation costs. Meanwhile, a panel in Karachi discussed AI's potential to transform businesses while also addressing the need for regulation and ethical use. In the UAE, experts emphasized the importance of upskilling as employers seek candidates with digital skills amid the growing demand for AI specialists. Additionally, IBM's CEO likened the evolution of AI to the early internet, suggesting a gradual rollout of its applications. Shankar Sharma warned that AI could disrupt India's IT sector, which is crucial to the economy, while also noting potential job growth in other areas such as retail.