Sir, thanks for the video. It was quite thought provoking. As I mentioned during live session, I had a long question/comment. My worry is what will happen to India in this age of AI. You mentioned that India can send trained Indian youth to various countries with declining and aging population to help them and they can come back richer (both with experience and financially). However, this is a temporary solution; as robotics take over, these countries can leverage power of robotics to take care of those issues without the challenges of demographic dilution . Now, as I think of this issue deeply, my first level of thought is, can India create jobs that are directed to "primarily" serve itself? What I mean is, the core jobs are there to serve the basic needs of the country first, i.e. good infrastructure, good food, good healthcare, good education, manufacturing, etc. I think we have enormous amount of work to be done in these sectors as we rank at the bottom in almost all of them. In the technology sector, India is majorly dependent on US for jobs. Our IT engineers are working for the needs of businesses in US. Can we have IT sector that majorly serve our own country? I see a future where global trade will be highly disrupted as countries become self sufficient with use of AI and robotics. US has already started that process with the election of Trump who is solely focused towards making America self sufficient (atleast that's what he says). China's economy on the other hand is heavily dependent on exports, and they will also suffer a lot if other countries become self reliant. I have a second level of thought which is: what exactly is going to be money in future. However, I am still not able to crystallize my thoughts on this concisely and I will ask the question later.
Very thoughtful question as your other in the live stream. Well transitions will take time. Like for instance still AI has not dominated everything, even though it has a potential to be the OS for everything we know as far as Knowledge Economy is concerned. So this shift will take a few years probbably 2-5 still to materialize. Similarly on robotics front it will be lot more difficult to achieve and may take 3-7 years perhaps a decade. So we have a good 5-10 yrs period that can give employment for many of these folks from India. India is the talent factory of the world. We need to harness it. India's GDP is growing and we'll not able to employ everyone in India as it needs lot of CAPEX. We r a poor country so unless there is huge FDI its almost impossible. But once India is 5X of where we are today then its possible. But until that time it needs to build its export muscle. Domestic alone will not be enough. Though you do have a noble idea on the lies of self reliance. All the Asian countries have become middle income through exports. Yes China will also expeience decline like what Japan is facing stagfation for over a decade now. But China also has a huge population at least that is the claim, but it could be as less ast 800M. We definitely will have to come w UBI, money will be experiences that we can have be it relaxation, tentilating senses, being able to do somethhing you like. But this will be at least a decade away! Keep bringing these jewels helps me push my thought process further too. 🙏
@@realtalks1 Thank you for answering my question. Yes, I agree we are around a decade away to see this changes. Lets see how India adapts to it. Our politicians have different priorities. The focus of our country should be on creating goods and services as much as they can. I don't understand why India keeps lagging behind, infact Bangladesh and Vietnam are getting better at it.
Its very hard to move away from quarterly profits, while building the long term moat. That is why we have 100s if not more consulting companies, but hardly any product companies that sell globally.
It is not engineers It is quality of engineers. India have engineers but of them at best 5% are useful for real world quality. If low end jobs and low end programming goes off, India will be in deep trouble. China does lot of these stuff and we are busy in making fun of them and busy calling them stupid. Sooner than later we would realise this! but good quality video by presenter.
Short ans is yes as you can work after that if u can secure a job. Try Nordic counties like Norway, Finland, Sweeden, Denmark free education and even Germany offers chep/free options. Do check vids on study options on the channel for details
So far, yes There will be massive short term change in nature of jobs, there could be layoffs and so on, but ultimately in this scenario of reduced income for a big big chunk of people who are white collars who run the mega cities, who is gonna buy stuff, ultimately all business no matter how productive they are have only one goal, to earn profits, where will these profits come from if people will lose jobs, Many say that new kind of jobs will emerge it happened everytime there is a disruption due to automation, but the key thing is AI is not just a regular automation, its gonna replace activities which needed human reasoning to solve a problem , it can think and solve problems. So AI based automation cannot be compared to previous automations and honestly no one knows what kind of future jobs will be, what will humans exactly do, will there be a complete change of economic and social system, no one has a real answer to this, yes in short term jobs may go for majority but whats the plan B..... Also another angle to think about this is soon as everyone will adopt AI, everyone is gonna have brilliant tools at his disposal... so big firms can get tough compettion from independent small team of contractors.. Its really tricky to predict whats gonna happen 5-6 years down the line......
Very good points, consider a case that you can now solve complex problems and will have time to make things better and easier. Lot of mundane tasks and repetitive low level grunt work could be automated away. This will unleash creativity and lazyness both. As we have these kind of people now as well. We can discover new animals, plants, planets, go to depths of oceans and Eart. Build nano bot to fight dioseases in humans. Be better at space and harness energy of Earth etc. Yes when disruption happens there will be mass layoffs as we have been seeing now for past 2 yrs in US. Even when the AI is still primitive. So to be able to achieve all these new fronitiers we'll need human capital. Yes we will have single person companies as barrier to entry will be removed.
@@realtalks1 - Seems yes now humans can look into building a next set of innovations or scientific discoveries, it's a leap forward journey as a part of evolution , just like after electricity or Fire may be ...May be Humans will look into exploring other planets , make more scientific discoveries with quantum computing and AI, may be it looks straight out of a Sci FI movie.. by 2030 almost everyone will have access to smartest versions of AI embedded into their everyday devices.. Now its upto humans how they collectively look into newer paradigms of challenges... However in short term of next 5 years i see a lot of disruption and hopelessness and people are already scared of losing jobs
AI is gonna replace all IT jobs and people building agents only helps it. there are 1.5 crore people working as coders. now all those 1.5 crore will be out of jobs. so what is then end goal then? gita says the main reason of getting incarnation on earth is for getting mokshya. it is possible to get mokshya.u have to try. soon everybody will realize this.
Gita also says that karm kiye ja, phal ki ichha mat kar. So we need to what we got to do if not IT, then we will do pure research. We all will find our passions. Again these things will slowly creep in. It will take years before there is full disruption.
@@realtalks1 its a good thing AI will tak all jobs. if that is the case then manav jaati sab spirituality main jaaenge aur duniya puri badal jaaegi. im thinking till 2030 all jobs are gonna be replaced. becoz kalyug ka ant suru hochuki hai. aur manushya ko mukti milna hi chahiye. aise 9-5 karke din raat mehnat karke kuch nahi paaega koi. marne k baad fir se wahi karna padega punarjanma main. so it is a very good thing AI taking all jobs. remember hum yeh maya mein se bahut uppar jaa sakte hai. sab mein kaabiliyat hai mokshya prapta karne ka.
If the government implements a universal basic income (UBI) and starts giving everyone ₹30,000 per month, wouldn’t that lead to inflation? For example, if a lot of people start spending this money on the same product or service, the demand could outstrip the supply, driving up prices and causing inflation Bes mujhe to siraf devastating consequences dekhai de rahe Aur existential criss ho raha 😢
yes this is concerning for sure. But state govt are already spending on freebies as its we also haev MANREGA in villages by centre. So its kind of UBI w free ration
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Best description of where the industry is in Dec 2024. Subscribed. ( I’m EE - seriously thanks for explaining)
Sir, thanks for the video. It was quite thought provoking. As I mentioned during live session, I had a long question/comment.
My worry is what will happen to India in this age of AI. You mentioned that India can send trained Indian youth to various countries with declining and aging population to help them and they can come back richer (both with experience and financially). However, this is a temporary solution; as robotics take over, these countries can leverage power of robotics to take care of those issues without the challenges of demographic dilution .
Now, as I think of this issue deeply, my first level of thought is, can India create jobs that are directed to "primarily" serve itself? What I mean is, the core jobs are there to serve the basic needs of the country first, i.e. good infrastructure, good food, good healthcare, good education, manufacturing, etc. I think we have enormous amount of work to be done in these sectors as we rank at the bottom in almost all of them. In the technology sector, India is majorly dependent on US for jobs. Our IT engineers are working for the needs of businesses in US. Can we have IT sector that majorly serve our own country? I see a future where global trade will be highly disrupted as countries become self sufficient with use of AI and robotics. US has already started that process with the election of Trump who is solely focused towards making America self sufficient (atleast that's what he says). China's economy on the other hand is heavily dependent on exports, and they will also suffer a lot if other countries become self reliant.
I have a second level of thought which is: what exactly is going to be money in future. However, I am still not able to crystallize my thoughts on this concisely and I will ask the question later.
Very thoughtful question as your other in the live stream. Well transitions will take time. Like for instance still AI has not dominated everything, even though it has a potential to be the OS for everything we know as far as Knowledge Economy is concerned. So this shift will take a few years probbably 2-5 still to materialize. Similarly on robotics front it will be lot more difficult to achieve and may take 3-7 years perhaps a decade. So we have a good 5-10 yrs period that can give employment for many of these folks from India. India is the talent factory of the world. We need to harness it. India's GDP is growing and we'll not able to employ everyone in India as it needs lot of CAPEX. We r a poor country so unless there is huge FDI its almost impossible. But once India is 5X of where we are today then its possible. But until that time it needs to build its export muscle. Domestic alone will not be enough. Though you do have a noble idea on the lies of self reliance. All the Asian countries have become middle income through exports. Yes China will also expeience decline like what Japan is facing stagfation for over a decade now. But China also has a huge population at least that is the claim, but it could be as less ast 800M.
We definitely will have to come w UBI, money will be experiences that we can have be it relaxation, tentilating senses, being able to do somethhing you like. But this will be at least a decade away! Keep bringing these jewels helps me push my thought process further too. 🙏
@@realtalks1 Thank you for answering my question. Yes, I agree we are around a decade away to see this changes. Lets see how India adapts to it. Our politicians have different priorities. The focus of our country should be on creating goods and services as much as they can. I don't understand why India keeps lagging behind, infact Bangladesh and Vietnam are getting better at it.
Building own product requires significant investment. These WHICH companies did not take risk to tumble their profit margin.
Its very hard to move away from quarterly profits, while building the long term moat. That is why we have 100s if not more consulting companies, but hardly any product companies that sell globally.
Teams have already replaced these MOM task.
It’s alredy happing I am in this team who makes agents
It is not engineers It is quality of engineers. India have engineers but of them at best 5% are useful for real world quality. If low end jobs and low end programming goes off, India will be in deep trouble. China does lot of these stuff and we are busy in making fun of them and busy calling them stupid. Sooner than later we would realise this! but good quality video by presenter.
Would you recommend to go for Masters in CS or Data Science in USA or any other foreign country ?
Short ans is yes as you can work after that if u can secure a job. Try Nordic counties like Norway, Finland, Sweeden, Denmark free education and even Germany offers chep/free options. Do check vids on study options on the channel for details
So far, yes There will be massive short term change in nature of jobs, there could be layoffs and so on, but ultimately in this scenario of reduced income for a big big chunk of people who are white collars who run the mega cities, who is gonna buy stuff, ultimately all business no matter how productive they are have only one goal, to earn profits, where will these profits come from if people will lose jobs, Many say that new kind of jobs will emerge it happened everytime there is a disruption due to automation, but the key thing is AI is not just a regular automation, its gonna replace activities which needed human reasoning to solve a problem , it can think and solve problems. So AI based automation cannot be compared to previous automations and honestly no one knows what kind of future jobs will be, what will humans exactly do, will there be a complete change of economic and social system, no one has a real answer to this, yes in short term jobs may go for majority but whats the plan B..... Also another angle to think about this is soon as everyone will adopt AI, everyone is gonna have brilliant tools at his disposal... so big firms can get tough compettion from independent small team of contractors.. Its really tricky to predict whats gonna happen 5-6 years down the line......
Very good points, consider a case that you can now solve complex problems and will have time to make things better and easier. Lot of mundane tasks and repetitive low level grunt work could be automated away. This will unleash creativity and lazyness both. As we have these kind of people now as well. We can discover new animals, plants, planets, go to depths of oceans and Eart. Build nano bot to fight dioseases in humans. Be better at space and harness energy of Earth etc. Yes when disruption happens there will be mass layoffs as we have been seeing now for past 2 yrs in US. Even when the AI is still primitive. So to be able to achieve all these new fronitiers we'll need human capital. Yes we will have single person companies as barrier to entry will be removed.
@@realtalks1 - Seems yes now humans can look into building a next set of innovations or scientific discoveries, it's a leap forward journey as a part of evolution , just like after electricity or Fire may be ...May be Humans will look into exploring other planets , make more scientific discoveries with quantum computing and AI, may be it looks straight out of a Sci FI movie.. by 2030 almost everyone will have access to smartest versions of AI embedded into their everyday devices.. Now its upto humans how they collectively look into newer paradigms of challenges... However in short term of next 5 years i see a lot of disruption and hopelessness and people are already scared of losing jobs
AI is gonna replace all IT jobs and people building agents only helps it. there are 1.5 crore people working as coders. now all those 1.5 crore will be out of jobs. so what is then end goal then? gita says the main reason of getting incarnation on earth is for getting mokshya. it is possible to get mokshya.u have to try. soon everybody will realize this.
Gita also says that karm kiye ja, phal ki ichha mat kar. So we need to what we got to do if not IT, then we will do pure research. We all will find our passions. Again these things will slowly creep in. It will take years before there is full disruption.
@@realtalks1 its a good thing AI will tak all jobs. if that is the case then manav jaati sab spirituality main jaaenge aur duniya puri badal jaaegi. im thinking till 2030 all jobs are gonna be replaced. becoz kalyug ka ant suru hochuki hai. aur manushya ko mukti milna hi chahiye. aise 9-5 karke din raat mehnat karke kuch nahi paaega koi. marne k baad fir se wahi karna padega punarjanma main. so it is a very good thing AI taking all jobs. remember hum yeh maya mein se bahut uppar jaa sakte hai. sab mein kaabiliyat hai mokshya prapta karne ka.
If the government implements a universal basic income (UBI) and starts giving everyone ₹30,000 per month, wouldn’t that lead to inflation? For example, if a lot of people start spending this money on the same product or service, the demand could outstrip the supply, driving up prices and causing inflation
Bes mujhe to siraf devastating consequences dekhai de rahe
Aur existential criss ho raha 😢
yes this is concerning for sure. But state govt are already spending on freebies as its we also haev MANREGA in villages by centre. So its kind of UBI w free ration
Then kids karne ki zaroorat hi nahi hain..sab kuch AI and robots karlenge...AI and Robots growth bhi ladenge 😅😅
Kids to zaroori hain. Par yeah AI/Robots ka change bhi hona hai. Better to be prepared, than sorry
Up and bihari and Bangladeshi bacche paida karte rahenge. Change Kuch bhi ho
@realtalks1 only prepared/certain step is not to have kids and everything is uncertain .
We can beat the system by not giving meat to the system.
140 crore Indians all learning coding ....kya hoga
@gaarn2672 will have to move on to other things, not everyone is fit for coding and these many can't be absorbed world over.