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Cognizant CEO: AI will create jobs, not fewer

5 Jun · 23:23 UTCwindow 24h

IN SHORT

The artificial intelligence landscape is rapidly evolving, with numerous companies launching new platforms, partnerships, and services. Key developments include the integration of AI into enterprise workflows for tasks like sales preparation, content creation, and financial operations. Several firms are focusing on enhancing AI's capabilities through specialized plugins and by building AI talent pipelines. Concerns about AI's impact on jobs are being addressed by some leaders who predict job creation rather than destruction. Additionally, advancements in AI infrastructure and security are being made, alongside efforts to ensure responsible AI deployment and governance.

Key Numbers

95%processing time reduction from Firstsource-AppliedAI partnership

10xthroughput increase from Firstsource-AppliedAI partnership

90%potential savings from Anyscale on Azure

30 millionpeople IBM aims to prepare for AI by 2030

15kWcapacity of CoolIT Systems' new coldplate

25%reduction in process times for Hyland customers

1 billiondocuments governed by Hyland customers using AI

30,000transactions automated by Hyland customers using AI

2%Coforge stock increase after AI platform launch

19%employees confident in using AI tools per Achievers report

1 billionAI-powered practice questions served by Thea

40 yearsADR expertise integrated into AI tutor

1 millionUSD.AI purchased by iPower Inc.

1 millionUSD invested by Brand Engagement Network in Accelevate Solutions

Key facts

Cognizant CEO Ravi Kumar S. believes AI will create more jobs.

Firstsource Solutions Limited reported processing time cuts of over 95% and throughput increases up to 10x from its AppliedAI partnership.

Sanofi launched an AI agent called "Concierge for Field" built on Snowflake Cortex AI.

Anyscale launched its platform on Microsoft Azure, potentially offering savings of up to 90%.

OpenAI launched role-specific plugins for its Codex AI model.

Recorded Future and Wipro partnered to integrate AI-powered threat intelligence.

IBM aims to prepare 30 million people for AI by 2030.

CoolIT Systems demonstrated a 15kW coldplate for AI infrastructure.

Cognizant integrated its AI trust platform with ServiceNow for responsible AI deployment.

Hyland is expanding its AI platform innovations to the Asia-Pacific region.

Infosys and Handelsblatt Media Group launched an AI-powered editorial engine.

YY Group Holding is investing in NVIDIA Blackwell architecture for its AI workforce strategy.

The artificial intelligence sector is experiencing a surge of innovation, marked by the launch of new platforms, strategic partnerships, and specialized services across various industries. Companies are integrating AI into core business functions, with Sanofi launching an AI agent, "Concierge for Field," to assist sales representatives with pre-call planning, significantly reducing research time. Infosys and Handelsblatt Media Group have deployed an AI-powered editorial engine to accelerate content delivery and engagement. In the financial sector, Infosys is also modernizing DNB Bank's financial crime operations using AI, while Papaya Global is partnering with Reindeer to automate finance operations, aiming to cut manual payslip review by half and automate 97% of invoice coding.

Several organizations are focusing on enhancing AI capabilities and infrastructure. OpenAI has released role-specific plugins for its Codex AI model, and Anyscale has launched its platform on Microsoft Azure to enable large-scale AI workloads with potential cost savings of up to 90%. For AI infrastructure, CoolIT Systems has demonstrated a 15kW coldplate designed to support future AI hardware, and YY Group Holding is investing in NVIDIA Blackwell architecture to power its AI workforce strategy, including LLM fine-tuning. Cybersecurity is also a major focus, with Recorded Future and Wipro partnering to integrate AI-powered threat intelligence into managed services, and a new AI Proving Grounds Consortium being launched to test AI defenses.

Efforts are underway to ensure responsible AI deployment and governance. Cognizant has integrated its AI trust platform with ServiceNow to enhance responsible AI deployment and accelerate AI governance across the AI lifecycle. Hyland is expanding its AI platform innovations to the Asia-Pacific region to enable scalable AI-driven operations while complying with local data residency requirements. Concerns about AI's impact on employment are being addressed by Cognizant CEO Ravi Kumar S., who believes AI will create jobs, not fewer, and expects to hire more graduates. IBM is shifting its AI training focus to a continuous learning mindset, aiming to prepare 30 million people by 2030 and redesigning entry-level roles around AI. However, a report by Achievers indicates that only 19% of employees feel confident using AI tools, highlighting a gap in employee readiness.

Advancements are also being made in specialized AI applications. Ever.Ag has expanded its AI decision engine to livestock operations, and C.H. Robinson has launched an AI technology for supply chain assessment. UpCodes has introduced an AI-native plan review feature for construction professionals, and Safe2core is expanding its AI subsurface risk management for construction. In education, Thea has served its one billionth AI-powered practice question, and ADR International has launched a virtual tutor for procurement. OpenGradient has launched a privacy-first generative AI platform to address concerns about data logging. Tech hiring continues to rise, with CompTIA reporting an increase in technology workforces in May, driven by sustained demand for tech talent.

Cognizant CEO: AI will create jobs, not fewer

PiQ Daily

Cognizant CEO: AI will create jobs, not fewer

PiQ Daily

Key facts

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