AI offers solution to shrinking workforce, says IBM CEO
NEW YORK, UNITED STATES — IBM CEO Arvind Krishna believes that artificial intelligence (AI) solves the shrinking workforce.
In an interview with CNBC, Krishna stated that “population is flat or in the worst case declining. Then if I look at people who are working age, it is declining so you need to get productivity otherwise quality of life is going to fall. And AI is the only answer we got.”
The working-age populations in important economies such as Japan, South Korea, the United Kingdom, and China are declining, according to the World Bank.
Krishna thinks that AI’s ability to increase worker productivity is the solution to this problem. He also believes that humans could work alongside AI rather than be replaced by it.
The IBM chief is also convinced that AI will create more jobs than it eliminates.
IBM has been among the earliest players in artificial intelligence. It introduced Watsonxai, a service that provides access to large language models that are the basis for most artificial intelligence technologies.
The firm also jumped headfirst into generative AI with Watson Assistant, meant to rival ChatGPT and Google’s Bard.
Krishna reiterated his belief that AI will be universally applied, saying it will make “every enterprise process more productive.”
