New Delhi: Contrary to concerns of job displacement, Artificial Intelligence (AI) is poised to be a catalyst for growth, and its significance in shaping the future of knowledge is comparable to the invention of the printing press, stated Microsoft President Brad Smith on Wednesday. Addressing global business leaders gathering in Delhi ahead of the G20 Summit next month, Mr. Smith emphasized AI’s potential to revolutionize industries, highlighting its benefits while underlining the importance of safeguards to maintain human control.

Speaking about AI’s transformative power, Mr. Smith articulated, “AI is a tool that can enhance our decision-making, enabling us to be more efficient and proficient. It holds the capacity to boost productivity, facilitate translation across languages, and contribute to job creation.” He emphasized that AI should be viewed as a source of growth, assuaging concerns about massive job loss.

Regarding generative tools like ChatGPT, Mr. Smith acknowledged their transformative potential, envisioning their role in medical diagnosis, drug discovery, education, and more. He likened the significance of AI to the pivotal role the printing press played in shaping the spread of knowledge over half a millennium ago.

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Amidst the optimism, Mr. Smith stressed the necessity of ensuring AI remains under human oversight. “Preventing AI from becoming a threat is our responsibility. Establishing robust safety mechanisms to regulate AI’s impact is crucial now. Companies must approach AI development responsibly, while governments should devise international and national regulations to ensure AI serves humanity,” he asserted.

Mr. Smith recognized India’s pivotal role in the responsible advancement of AI. He commended India’s rapid strides in digitalization across sectors, particularly in digital payment systems. “India’s progress in digitalization has been remarkable, surpassing that of many nations. Microsoft views India as a beacon of engineering talent and innovation,” he said, highlighting the country’s impact on the global technology landscape.

In conclusion, Mr. Smith reiterated the need for an AI-powered future to prioritize human welfare. “AI’s potential lies in its ability to complement human abilities, not replace them. It’s imperative to ensure AI’s alignment with our values and aspirations,” he concluded, underscoring the commitment to guide AI’s trajectory in a way that enhances human endeavors.