AI will lead to concentration of wealth, power; must use AI for solving social challenges: Nilekani

IT services major Infosys‘ co-founder and non-executive chairman Nandan Nilekani has said that artificial intelligence (AI) is bound to lead to concentration of wealth and power in a few, but pitched for deploying new-age technologies at scale for human betterment.

Smart use of AI can solve problems of healthcare and education for a billion people, Nilekani said, stressing that he is an optimist who wants to look at the positive side of technology in tackling real issues.

“Obviously, there is going to be a concentration of wealth and power with AI ……