At the Rising Rajasthan Global Investment Summit, Paytm founder and CEO Vijay Shekhar Sharma emphasized that start-ups focusing on technologies that replace human workflows will outlast those that do not. As artificial intelligence (AI) adoption accelerates, Sharma believes companies must embrace automation to stay competitive.
While discussing Paytm’s approach, Sharma noted that his company plans to hire more personnel to support the growing demand for AI-driven technology. Despite AI’s potential to replace tasks traditionally handled by humans, Sharma stated that technology firms would require skilled workers to maintain and develop such systems.
Sharma highlighted that AI would soon replace not only physical tasks but also cognitive jobs such as car driving and coding. He warned that any start-up failing to build technologies to reduce human input would struggle to survive in the future. “If you are not building a startup that removes the obligation of a human’s workflow, you’re not building a company that will be surviving after five years,” he said.
He also pointed out that while AI could disrupt job markets, it is essential for any ambitious start-up aiming for success. “Machines will take care of processes that humans typically do. If you’re not building for that, you are building mediocre stuff,” Sharma concluded.
The rise of AI, Sharma noted, will concentrate power in the hands of those who can effectively harness technology, reshaping economies and business models globally.
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