Dubai billionaire Hussain Sajwani has issued a warning that India could lose millions of outsourcing jobs because of the rise of artificial intelligence (AI). Sajwani, who is the founder and chairman of Damac, emphasized that countries such as China, America, the UAE, and Saudi Arabia are currently leading the AI revolution. These nations are dedicating substantial resources, including time, effort, and capital, to rapidly advance AI technologies.
According to Sajwani, this swift progress in AI could significantly impact global job markets, particularly in countries like India that depend heavily on outsourcing work. The comments come amid increasing concerns about the future of jobs within the outsourcing sector, as AI is expected to automate many tasks and potentially reduce the demand for human labor in certain industries.
Sajwani stressed the importance of nations increasing their investments in AI research and development to remain competitive. He also urged India and other outsourcing hubs to:
- Adapt to the shifting technological landscape
- Embrace emerging technologies
- Upskill and reskill their workforce accordingly
The changes brought about by AI represent both challenges and opportunities for economies around the world as they navigate this evolving job market.
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