"Artificial intelligence will explode in the next 5-10 years"
Business Today India|September 17, 2023
Soumitra Dutta, Dean of Oxford University's Saïd Business School, in a conversation with Kalli Purie, Vice Chairperson of the India Today Group, talks about the impact of AI and what the future holds for this disruptive technology 
Kalli Purie
"Artificial intelligence will explode in the next 5-10 years"

Artificial intelligence is one of the biggest disruptions the world is grappling with right now. From businesses to jobs to social behaviour, AI’s impact can be felt everywhere. At the Business Today India@100 Summit held recently, India Today Group Vice Chairperson Kalli Purie caught up with AI expert Soumitra Dutta, who has a PhD in the technology and has been tracking it for three decades, to discuss a range of issues that this disruption gives rise to. In a session called ‘Managing with AI’, Dutta, the Peter Moores Dean and Professor of Management at Saïd Business School, University of Oxford, spoke extensively about how AI will affect jobs and skill sets, the need for regulations, and the concept of responsible AI. Edited excerpts:

Q: You’ve talked about the Moore’s Law of computer processing power and how it doubles every 18 months and that there’s a tipping point for technology. You have a very good visual related to Lake Michigan to explain this. Please explain what that means and where you think we are right now.

A: We all know that we are living in exponential times, and often that is substantiated by saying that technology is increasing exponentially, both in terms of computing power, and in terms of data and other similar aspects... But what exactly does it mean in terms of trends over time? So this is a small visual… [that] shows the filling up of a lake in the US, Lake Michigan, whose volume is roughly the capacity of

This story is from the September 17, 2023 edition of Business Today India.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the September 17, 2023 edition of Business Today India.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS TODAY INDIAView All
"Focus on the challenge of each customer"
Business Today India

"Focus on the challenge of each customer"

SHASHANK KUMAR MD & CO-FOUNDER I RAZORPAY Razorpay is India's first full-stack financial solutions company

time-read
1 min  |
December 08, 2024
PEDAL ON THE FUTURE
Business Today India

PEDAL ON THE FUTURE

THE MG WINDSOR EV, WITH ITS FUTURISTIC AND MINIMALIST DESIGN, COMBINES THE BEST OF BOTH WORLDS-COMFORT AND TECHNOLOGY

time-read
1 min  |
December 08, 2024
BREATHE EASY
Business Today India

BREATHE EASY

Whether you're battling allergies, looking to remove pollutants, or simply want to breathe easier, the right air purifier can make a difference

time-read
2 mins  |
December 08, 2024
The Taste of India in a Glass
Business Today India

The Taste of India in a Glass

FROM ROYAL LIQUEURS TO DISTILLED MAHUA, INDIAN HERITAGE ALCOHOLIC BEVERAGES ARE HAVING THEIR DAY IN THE SUN

time-read
4 mins  |
December 08, 2024
LOOK BEFORE YOU LEAP
Business Today India

LOOK BEFORE YOU LEAP

IN 2025, INVESTORS WILL NEED TO FACTOR IN VOLATILITY ACROSS ASSET CLASSES

time-read
5 mins  |
December 08, 2024
MISSING ADVISORS
Business Today India

MISSING ADVISORS

INDIA HAS JUST ONE INVESTMENT ADVISOR FOR NEARLY EVERY 200,000 INVESTORS. AT A TIME WHEN RETAIL PARTICIPATION IN THE STOCK MARKETS IS BOOMING, THIS ASSUMES SIGNIFICANCE

time-read
7 mins  |
December 08, 2024
TURNING A CORNER
Business Today India

TURNING A CORNER

SHARED ELECTRIC MOBILITY START-UP YULU'S SHIFT TO SERVICING THE QUICK COMMERCE SECTOR IS HELPING IT GROW FAST. IT IS NOW FOCUSSING ON IMPROVING ROAD SAFETY FEATURES AS IT TURNS EBITDA POSITIVE

time-read
5 mins  |
December 08, 2024
REALITY CHECK
Business Today India

REALITY CHECK

INDIAN STOCK MARKETS PLUNGED BEGINNING OCTOBER FOR A HOST OF REASONS, INCLUDING A FALL IN FII OWNERSHIP. HOW DEEP WILL THE CORRECTION BE?

time-read
6 mins  |
December 08, 2024
TRUMP'S TRADE TANGO
Business Today India

TRUMP'S TRADE TANGO

The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge?

time-read
9 mins  |
December 08, 2024
"The essence of the Trump administration will be transactional”
Business Today India

"The essence of the Trump administration will be transactional”

Global investor, analyst, and best-selling author Ruchir Sharma decodes why Donald Trump won the elections, what India should do, the risks, and more

time-read
10 mins  |
December 08, 2024