In a virtual speech delivered during an Artificial Intelligence (AI) Symposium at Harvard Kennedy School in the US Friday night, he characterized AI as a “double-edged sword,” expressing concern that the risks might surpass the benefits if not addressed promptly.
“We aim to implement policies akin to pollution regulations—where industries causing pollution are charged for carbon credits—by introducing laws that would tax AI firms for workforce displacement,” remarked Reddy, who recently finished a five-day leadership program at Harvard Kennedy School.
“It is only just that our trillion-dollar companies contribute to the compensation of those individuals and society members affected by job losses,” he stated.
Drawing comparisons to past technological advancements, the CM noted that machines have facilitated manual labor rather than completely replacing it.
“AI will redefine the roles of doctors, lawyers, architects, filmmakers, writers, poets, and policymakers—rather than eliminating them.” He warned that entry-level hiring might decrease, even as overall productivity increases.
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Reddy also emphasized the Bharat Future City initiative being developed by his administration on the outskirts of Hyderabad, which includes a district designated as the Artificial Intelligence City.
The AI City is intended to be a comprehensive hub for Global Capability Centres (GCCs) focused on AI and its applications, he added.
