• bitcoinBitcoin(BTC)$79,363.00-0.80%
  • ethereumEthereum(ETH)$2,489.30-0.49%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$743.65-1.79%
  • rippleXRP(XRP)$1.40-1.59%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$105.01-1.51%
  • tronTRON(TRX)$0.3368380.76%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.060.00%
  • zcashZcash(ZEC)$1,205.131.51%
  • HyperliquidHyperliquid(HYPE)$87.76-0.11%
  • dogecoinDogecoin(DOGE)$0.089581-0.56%
  • RainRain(RAIN)$0.016514-2.97%
  • moneroMonero(XMR)$528.43-1.29%
  • chainlinkChainlink(LINK)$13.227.44%
  • USDSUSDS(USDS)$1.000.00%
  • whitebitWhiteBIT Coin(WBT)$73.13-0.89%
  • leo-tokenLEO Token(LEO)$9.17-1.86%
  • cardanoCardano(ADA)$0.218814-0.31%
  • stellarStellar(XLM)$0.1916582.51%
  • bitcoin-cashBitcoin Cash(BCH)$256.53-1.77%
  • daiDai(DAI)$1.000.00%
  • uniswapUniswap(UNI)$7.061.13%
  • Ethena USDeEthena USDe(USDE)$1.00-0.01%
  • litecoinLitecoin(LTC)$55.952.97%
  • USD1USD1(USD1)$1.000.02%
  • CantonCanton(CC)$0.107164-3.70%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.42-0.13%
  • hedera-hashgraphHedera(HBAR)$0.080877-0.73%
  • avalanche-2Avalanche(AVAX)$7.852.06%
  • suiSui(SUI)$0.811.31%
  • Global DollarGlobal Dollar(USDG)$1.000.00%
  • shiba-inuShiba Inu(SHIB)$0.0000050.25%
  • nearNEAR Protocol(NEAR)$2.35-2.32%
  • paypal-usdPayPal USD(PYUSD)$1.00-0.01%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • crypto-com-chainCronos(CRO)$0.0575310.21%
  • tether-goldTether Gold(XAUT)$4,389.60-0.78%
  • Circle USYCCircle USYC(USYC)$1.140.00%
  • MemeCoreMemeCore(M)$1.13-0.60%
  • BittensorBittensor(TAO)$265.9012.63%
  • okbOKB(OKB)$114.870.64%
  • Ripple USDRipple USD(RLUSD)$1.000.00%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.140.00%
  • AsterAster(ASTER)$0.802.68%
  • mantleMantle(MNT)$0.634.15%
  • aaveAave(AAVE)$134.36-0.53%
  • pax-goldPAX Gold(PAXG)$4,392.55-0.83%
  • OndoOndo(ONDO)$0.3863002.07%
  • World Liberty FinancialWorld Liberty Financial(WLFI)$0.056621-0.27%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

IBM chief won’t ‘get rid of’ a single programmer because of AI

October 4, 2023
in Business
Reading Time: 4 mins read
A A
IBM chief won’t ‘get rid of’ a single programmer because of AI
ShareShareShareShareShare

The head of IBM tempered fears about the havoc AI is expected to wreak in the workplace, saying he won’t “get rid of a single one” of the company’s programmers but will instead “get more.”

Big Blue CEO Arvind Krishna — who has been criticized for saying artificial technology advancements can eliminate many back-office jobs — said he expects the technology to make IBM’s programmers 30% more productive at Fortune’s CEO Initiative Conference.

YOU MAY ALSO LIKE

Baby Boomer executives aren’t leaving the C-suites – and that’s setting up a crisis for corporate America

OPEC+ keeps oil output policy unchanged for October 

The Armonk, NY-based software giant plans to staff up positions in software engineering and sales in the next three to four years while phasing out HR roles, he said.

The company also debuted its own AI-backed chatbot, watsonx, last May.

Krishna conceded that “repetitive white-collar jobs” will be affected by AI during Friday’s conference.

He estimated that technology has the potential to automate as much as 20% of “lower level tasks,” though it couldn’t take over someone’s job altogether since no one’s responsibilities are entirely composed of these types of tasks.


IBM’s CEO Arvind Krishna said he’ll be hiring even more programmers during the AI boom because the technology makes his workforce 30% more productive.
Ron Sachs – CNP / MEGA

Earlier this year. Krishna came under fire for suggesting to the Financial Times that “regulatory work” in the health care and finance industries no longer need to be done by people.

IBM has played a role in that automation, partnering with McDonald’s in 2021 that saw many drive-thrus at the fast-food chain ditch humans in favor of AI software that could take customers’ orders.

Krishna — whose company is responsible for the supercomputer Deep Blue that defeated Garry Kasparov in a 1997 chess match and Watson, a machine which won “Jeopardy!” in 2010 — also predicted that “further out,” AI will likely be capable of managing “things in like drug discovery or in trying to finish up chemistry.”

As for human resources, Krishna told FT that AI could do “90%” of data processing needed for “promoting people, hiring people, moving people” while the final judgment calls are still left in human hands.

“There are hundreds of such processes inside every enterprise, so I do think clerical white collar work is going to be able to be replaced by this.”

AI taking over customer service could also get clients “a much better answer at maybe around half the current cost,” according to Krishna. “Over time, it can get even lower than half, but it can take half out pretty quickly.”

Credit: Source link

ShareTweetSendSharePin

Related Posts

Baby Boomer executives aren’t leaving the C-suites – and that’s setting up a crisis for corporate America
Business

Baby Boomer executives aren’t leaving the C-suites – and that’s setting up a crisis for corporate America

September 7, 2026
OPEC+ keeps oil output policy unchanged for October 
Business

OPEC+ keeps oil output policy unchanged for October 

September 6, 2026
Lululemon billionaire founder Chip Wilson files for divorce after 20 years of marriage — with no prenup in place
Business

Lululemon billionaire founder Chip Wilson files for divorce after 20 years of marriage — with no prenup in place

September 6, 2026
Marmalade Cafe files for Bankruptcy after closing Calabasas location
Business

Marmalade Cafe files for Bankruptcy after closing Calabasas location

September 5, 2026
Next Post
Time to Load Up on Lilly, Aetna

Time to Load Up on Lilly, Aetna

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
AI Fuels Snowflake’s Accelerating Revenue Growth

AI Fuels Snowflake’s Accelerating Revenue Growth

September 3, 2026
Video shows Paris attacker armed with two knives

Video shows Paris attacker armed with two knives

September 4, 2026
Pima County sheriff explains release of ransom notes in Nancy Guthrie case

Pima County sheriff explains release of ransom notes in Nancy Guthrie case

August 31, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!