Regulation and taxation: the international “rules” that enable innovation in AI are skewed too. While talent, in significant numbers will be extracted at low cost from the developing world (ex India), accrued value and productivity gains may not be shared with those nations. Clearly IP rights and tech transfer costs hitherto is an example.
In short equitable returns on talent migration must be reckoned and these nations must be at the table in deciding them. Most Nobel laureates model national economic wealth generation not globally shared prosperity- it remains trickle down.
AI, imho must be differently modelled internationally.
Great read sir. AI can augment and automate jobs but it also needs its creators, maintainers and optimisers. While AI can automate many jobs, it also enables people to solve their problems and further develop their services i.e. companies with their solutions, but monopoly of AI can ruin innovation here. I think AI is a super power and it mustn't be with a selected few.
Kartik, clear eyed insight as always!
My 2 bits.
Regulation and taxation: the international “rules” that enable innovation in AI are skewed too. While talent, in significant numbers will be extracted at low cost from the developing world (ex India), accrued value and productivity gains may not be shared with those nations. Clearly IP rights and tech transfer costs hitherto is an example.
In short equitable returns on talent migration must be reckoned and these nations must be at the table in deciding them. Most Nobel laureates model national economic wealth generation not globally shared prosperity- it remains trickle down.
AI, imho must be differently modelled internationally.
Well noted. India no doubt will be a major talent provider. I think India will need to do more to make it attractive for the talent to stay back.
Great read sir. AI can augment and automate jobs but it also needs its creators, maintainers and optimisers. While AI can automate many jobs, it also enables people to solve their problems and further develop their services i.e. companies with their solutions, but monopoly of AI can ruin innovation here. I think AI is a super power and it mustn't be with a selected few.
Succinct and insightful. Thank you for your clear thinking, Kartik.
Thanks Eben. Means a lot coming from you :-)
Good perspectives, thanks Kartik. As an entrepreneur myself - I especially agree with point #2.