The arrival of Donald Trump as America’s president saw a host of executive orders released. Recently, the US commander in chief unleashed a new trade war that has some predicting America’s economic downfall.
However, IBM’s CEO disagrees with the Trump administration’s attack on other economies and feels global trade isn’t dead yet. In fact, he feels this might be the key to America’s growth and success as many embrace global exchange of products.
He explained how strongly he feels every 10% rise in global trade provides a 1% rise in local GDP. This was mentioned during an onstage interview at the recently held SXSW yesterday. If anyone wants to make the most of their growth, they need to embrace international trade, he shared.
Image: SXSW / YouTube
That matter goes hand in hand with giving international talent the chance to flow into America. But with the current ban and restrictions for student and work visas, it’s actually doing the US more harm than good.
IBM says they want foreign talent to come forward and show their skills while they work hard to better train local talent. But no country can progress and prosper if they don’t get access to the best from around the globe. So there needs to be international talent hubs and policies that go well with that.
In that same interview, there was talk about geopolitics and then AI, which the CEO feels is so valuable. He disagrees with predictions made by Anthropic that AI will rule the world in the next few years and would even start writing most codes in a couple of months.
He strongly felt that the figures would be 20 to 30% produced by AI but not 90%. Some are very complicated that go beyond the capabilities of AI. With that said, he was adamant that AI would assist programmers get more productive with their time. They boost outputs from employers instead of getting rid of programming jobs as some critics predict.
Some felt Krishna’s statements are the opposite of those mentioned in 2023, where IBM planned to put a stop on hiring on all back-office functions, which the firm anticipated could be replaced with AI tech. Now, the main take-home message is that he knows AI is here to help and not replace programmers anytime soon.
Read next:
• Global Sales for Smartphones Sharply Decline for the First Time
• AI Costs Drop as OpenAI Faces GPU Constraints, While Synthetic Data Eases Training Concerns
However, IBM’s CEO disagrees with the Trump administration’s attack on other economies and feels global trade isn’t dead yet. In fact, he feels this might be the key to America’s growth and success as many embrace global exchange of products.
He explained how strongly he feels every 10% rise in global trade provides a 1% rise in local GDP. This was mentioned during an onstage interview at the recently held SXSW yesterday. If anyone wants to make the most of their growth, they need to embrace international trade, he shared.
That matter goes hand in hand with giving international talent the chance to flow into America. But with the current ban and restrictions for student and work visas, it’s actually doing the US more harm than good.
IBM says they want foreign talent to come forward and show their skills while they work hard to better train local talent. But no country can progress and prosper if they don’t get access to the best from around the globe. So there needs to be international talent hubs and policies that go well with that.
In that same interview, there was talk about geopolitics and then AI, which the CEO feels is so valuable. He disagrees with predictions made by Anthropic that AI will rule the world in the next few years and would even start writing most codes in a couple of months.
He strongly felt that the figures would be 20 to 30% produced by AI but not 90%. Some are very complicated that go beyond the capabilities of AI. With that said, he was adamant that AI would assist programmers get more productive with their time. They boost outputs from employers instead of getting rid of programming jobs as some critics predict.
Some felt Krishna’s statements are the opposite of those mentioned in 2023, where IBM planned to put a stop on hiring on all back-office functions, which the firm anticipated could be replaced with AI tech. Now, the main take-home message is that he knows AI is here to help and not replace programmers anytime soon.
Read next:
• Global Sales for Smartphones Sharply Decline for the First Time
• AI Costs Drop as OpenAI Faces GPU Constraints, While Synthetic Data Eases Training Concerns
