Jobs & Careers

The 2030s Will See Fortune 500 Dying Like Never Before, Warns Vinod Khosla

Published

2 months ago

July 2, 2025

Venture capitalist Vinod Khosla has said artificial intelligence will be able to perform 80% of the most economically valuable jobs within the next five years, sparking unprecedented transformation in industries and society.

“Almost certainly within the next five years, any economically valuable job humans can do, AI will be able to do 80% of it,” Khosla said on a recent podcast. “With a few exceptions like heart surgery or brain surgery, 80% of all jobs can be done by an AI.”

Khosla, who has spent four decades in venture capital, said he has “never seen a cycle like this” in terms of scale and pace of change. He compared the coming transformation to shifts not seen since the 1960s. “Almost every job is being reinvented, every material thing is being reinvented differently with AI as a driver,” he said.

Khosla predicted that while the next five years will bring measurable productivity and GDP gains, the longer-term picture is more disruptive. “Starting in 2030, the changes are going to be so disruptive that it’s hard to imagine how it sorts out,” Khosla said, noting that responses will vary by country and government policy.

By 2040, he believes society will enter an “era of abundance” where people will no longer need to work out of necessity. “The need to work will go away. People will work on things because they want to, not to pay their mortgage,” Khosla said.

This level of disruption will have wide-reaching effects on business and employment. Khosla forecast a sharp increase in the failure rate of large companies. “One of my predictions is that the 2030s will see a faster rate of demise of Fortune 500 companies than we’ve ever seen,” he said.

Despite the potential for “dystopic” effects, Khosla believes the underlying productivity gains from AI and other technologies, like advances in biology and fusion, will produce enough goods and services for society. However, he acknowledged that this may require changes to the social contract and new ways of distributing value.

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Jobs & Careers

TCS to Develop AI-Powered Financial System for Odisha Govt

Published

11 hours ago

September 5, 2025

Shalini Mondal

Tata Consultancy Services (TCS) has been selected by the Odisha government to design and implement Integrated Financial Management System (IFMS) 3.0, an AI-enabled, cloud-native platform to modernise the state’s public finance management.

The new system will automate Odisha’s finance workflows using microservices-based architecture and integrate TCS’s AI Workbench (AIWB), which supports AI/ML projects across development, monitoring, and retraining.

Features will include AI-driven analytics, multilingual chatbot support, and automated service desk functions to improve efficiency and user experience.

Key features of IFMS 3.0 include a user-friendly interface for easier navigation, real-time integration of financial data across departments, advanced reporting and analytics tools, stronger security protocols to ensure compliance, and mobile accessibility that enables users to manage financial operations on the go.

TCS has partnered with Odisha since 2005, beginning with the state’s Treasury Management System, followed by IFMS and IFMS 2.0. This third-generation upgrade aims to provide real-time visibility, enhance data accuracy, and streamline processes across budgeting, expenditure, revenue, and accounts management.

“With real-time financial visibility, enhanced precision, and a future-ready architecture, this platform will empower Odisha to deliver more effective public services to its citizens,” Girish Ramachandran, president, growth markets and public services, TCS said.

“With AI-assisted insights and intuitive workflows, IFMS 3.0 will allow officials to monitor programs in real time, accelerate reporting, and make confident, data-driven decisions,” Tej Paul Bhatla, VP, public services, TCS said.

This initiative is part of TCS’s broader role in India’s digital transformation. For nearly six decades, TCS has been a technology partner to government programs, helping digitise services such as passport issuance, defence pensions, health insurance, and public financial systems. Nearly seven out of ten Indians use TCS-supported services daily.

The post TCS to Develop AI-Powered Financial System for Odisha Govt appeared first on Analytics India Magazine.

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Jobs & Careers

6 in 10 Firms Expect AI to Act as Teammate or Supervisor to Other AI Systems by Mid-2026: Capgemini Report

Published

11 hours ago

September 5, 2025

C P Balasubramanyam

Nearly six in 10 enterprises expect AI to function as a team member or supervisor for other AI systems within 12 months, according to the latest annual study from the Capgemini Research Institute.

The report, titled ‘Harnessing the Value of AI: Unlocking Scalable Advantage’, also mentions that the adoption of generative AI is outpacing organisational readiness, which is sparking challenges in cost, governance, and workforce adaptation.

The findings further reveal that one-third of organisations are now fully or partially scaling generative AI, compared with just 6% in 2023, a five-fold surge in two years.

About 93% of the survey companies said they are either piloting, deploying, or enabling AI capabilities in 2025, with sectors such as telecom, consumer products, and ae

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Jobs & Careers

OpenAI Expands Beyond ChatGPT With New Jobs Platform, AI Skills Certification

Published

17 hours ago

September 5, 2025

Ankush Das

OpenAI is moving into the hiring and training space with the launch of a Jobs Platform and new AI Certifications, aiming to connect millions of workers with employers and reshape how companies hire AI-savvy talent.

The company stated that the OpenAI Jobs Platform will serve as a marketplace where businesses can find workers trained in AI, while job seekers can showcase their verified skills. Unlike traditional hiring platforms, it will cater not only to large corporations but also to local businesses and governments looking for AI talent.

OpenAI is collaborating with a diverse network of partners for the same, including Walmart, John Deere, Boston Consulting Group, Accenture, Indeed, Texas Association of Business, Bay Area Council and Delaware Governor’s Office.

Meanwhile, OpenAI Certifications builds on the free OpenAI Academy, which has already reached over two million learners. OpenAI plans to certify 10 million Americans by 2030 in AI fluency, from basic workplace use to advanced prompt engineering.

Preparation and testing will take place inside ChatGPT itself. Walmart, the world’s largest private employer, is among the launch partners.

“At Walmart, we know the future of retail won’t be defined by technology alone—it will be defined by people who know how to use it,” John Furner, CEO of Walmart US, said in a statement.

The company says that the aim is to give more people economic opportunities as AI transforms work. “It’s all about being intentional about the kind of future we want to build,” the statement read, adding that the focus is on making AI literacy accessible and useful for both workers and employers.

The initiatives are also a part of OpenAI’s commitment to the White House’s AI literacy push. With hundreds of millions already using ChatGPT weekly, OpenAI believes its next big move lies in jobs and skills territory traditionally dominated by hiring and training platforms.

The post OpenAI Expands Beyond ChatGPT With New Jobs Platform, AI Skills Certification appeared first on Analytics India Magazine.

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