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Zoho's Sridhar Vembu Warns AI Boom Is Slowing Job Creation in IT: ''The Real Issue Facing Our Nation"

in5points
Sridhar Vembu, founder of Zoho, said the AI boom is slowing job creation in IT.
He said a growing share of company budgets that would previously have gone to hiring is now spent on AI infrastructure.
He described this as 'the real issue facing our nation.'
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Mostly straight facts, with a light government- or market-friendly tilt.
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Adani Group
Gautam Adani
Acquired by Adani Group in 2022 from the founders.
Wikipedia: Gautam Adani