The Economic Times

Career warning for Gen Z: How IT industry's AI obsession will create a purchasing power crisis, Zoho's Sridhar Vembu explains

Zoho co-founder and Chief Scientist Sridhar Vembu has warned that the IT industry's growing focus on AI is reducing new hiring, as companies divert budgets towards AI infrastructure and data centres. He argues that while AI can make products cheaper and software development faster, the bigger challenge is ensuring young people have enough jobs and income to afford those increasingly affordable goods.