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AI Could Render 90% of Jobs Irrelevant in 10 Years, Warns Fintech Unicorn CRED CEO


Kunal Shah, the Founder and CEO of fintech unicorn CRED, has sounded a cautionary note on the impact of artificial intelligence (AI) on the job market. Speaking at the Global Fintech Fest 2023, Shah boldly asserted that AI could displace nearly 90% of current jobs within the next decade, sparking further debate within the industry on the potential threat of job losses due to rapid AI adoption.

While some experts advocate upskilling as a solution to preserve jobs, Shah raised concerns about the pace at which humans can adapt. He emphasized that the timeline for upskilling presents a significant challenge, making it difficult for many to keep up with the rapidly evolving tech landscape.

Shah’s remarks follow the launch of generative AI platform ChatGPT, which has demonstrated the transformative potential of AI in the workplace. Shah, who has invested in numerous fintech startups, envisions India creating high-quality AI companies, harnessing the unique combination of human expertise and AI capabilities. This, he believes, will usher in a new era of “cyborg” companies, where AI acts as a co-pilot in various industries, reshaping the future of work and entrepreneurship.