Zeroda has already said it won’t lay off employees for adopting AI technology, but it’s now clear just how big the company thinks the impact of AI will be.
Zerodha CTO Kailash Nadh says language models like ChatGPT could render 20% of Zerodha’s work obsolete. Zeroda recently announced a new policy that it will not lay off employees if their roles are automated with AI. The company says it came to this decision after experimenting with his AI tools in its own workflow.
“It took us about 30 minutes to integrate the commoditized ChatGPT, see the tangible benefits, and realize that we could automate more than 20% of the work,” said Nithin Kamith, CEO of Zerodha. wrote on Twitter. “Now imagine what more intelligent tools could bring,” he added.
“We have experimented with GPT-4 integration at work,” explained Zerodha CTO Kailash Nadh. He said the integration is very easy, with GPT-4 itself writing code to integrate into Zerodha’s workflow, which takes only about 30 minutes. And he said GPT-4 was able to quickly create value. “The results were immediate, surprisingly good, with quantifiable benefits. It took very little time to identify multiple processes and business functions that could benefit from the same tool. It was the right tool for the right job, no training, no academic R&D, and no pointless ‘AI/ML powered’ marketing at all,” Nadh added. .
“(GPT-4) is a very sophisticated, powerful, but poorly understood black-box system available as a commodity technology. Shortly afterward, we realized that if we pushed a little harder, LLM-based automation alone could quickly eliminate more than 20% of the jobs across Zerodha’s department directly. I thought there was,” he added.
This sounds pretty dramatic, but it’s made even more remarkable by the fact that it comes from someone who was an AI skeptic until last year. Kailash Nadh has repeatedly said in interviews that Zerodha does not use any AI in its workflow. “Even at the peak of the ‘(AI) transforming business’ touted cycle, we still couldn’t find a meaningful use case within the organization,” he says.
However, things changed overnight for Zerodha, and it is now believed that 20% of the workforce (equivalent to an estimated 200 people) could be replaced overnight. His Zerodha isn’t the only company that has found human employees to be replaced by his AI. IBM recently announced that it believed AI could replace the jobs of his 7,800 people in the company and had stopped hiring for the role. Most companies have yet to comment on how they expect AI to impact their jobs, but early reports from a variety of sources, from Indian intermediary tech startups to American tech giants The signs suggest that AI is likely to completely transform the future job market. Year.
