New Delhi, July 22: With artificial intelligence (AI) taking root in several spheres of economic activity, steering technological choices towards collective welfare is the key and employers owe it to themselves to strike a balance between deploying technology and labour, the Economic Survey said on Monday.

New technologies like AI are emerging as the biggest strategic differentiator determining the economic prosperity of nations. The next big step in the coming years is likely to be towards AI/Machine Learning, decentralised finance, the internet of Things (IoT), etc, which have a vast potential to disrupt the digital payments ecosystem.슬롯 머신 사이트 추천Tech Hiring in India: US-Based Altimetrik Announces To Triple Hiring Engineering Team in India, Target USD 1 Billion Revenue; Check Details.

슬롯사이트œFurther, the vision is for India to evolve as a 슬롯사이트˜fintech nation슬롯사이트™ with the highest number of fintech firms and the highest fintech adoption rate by incumbents fuelled by digital public infrastructure,슬롯사이트 the Survey highlighted. India is the founding member of the Global Partnership on Artificial Intelligence (GPAI), having joined the multi-stakeholder initiative in June 2020.

Since then, the country has contributed to the GPAI goals and objectives and is working on various domestic initiatives for the responsible development, deployment, and adoption of AI. The Union Cabinet has approved an allocation of over Rs 10,300 crore towards the comprehensive IndiaAl Mission to democratise access to Al innovation pillars and ensure the global competitiveness of India슬롯사이트™s Al ecosystem.

According to research by the IT industry슬롯사이트™s apex body Nasscom, India is an attractive destination for AI investment due to its relatively low operating costs and the world슬롯사이트™s second-largest pool of highly skilled AI, machine learning, and big data workers.

슬롯사이트œTechnology슬롯사이트™s productivity-enhancing potential is beyond doubt, but the social impact of emerging technologies such as AI via labour market disruptions and labour displacement is barely understood. It also has the potential to skew the capital and labour shares of income in favour of the former,슬롯사이트 the Survey document noted. Samsung To Replace Samsung Messages With Google Messages As Default on Galaxy Smartphones in US: Report.

The advent of AI casts a huge pall of uncertainty with respect to its impact on workers across all skill levels -- low, semi and high. 슬롯사이트œThese will create barriers and hurdles to sustain high growth rates for India in the coming years and decades. Overcoming these requires a grand alliance of Union and state governments and the private sector,슬롯사이트 suggested the Survey.

(The above story first appeared on LatestLY on Jul 22, 2024 02:34 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).