Vijay Shekhar Sharma, founder of paytm, has underscored the inevitability of artificial intelligence reshaping the future of work, affirming that AI will soon grow to be a core a part of every day business operations, even taking on key roles along with chief financial Officer (CFO).
Talking at Shiprocket's Shivir: AI trade version in the capital on Friday, Sharma stated AI will no longer most effective replace habitual human functions however additionally open up sparkling activity opportunities in rising tech domain names.
"We need to learn how to use AI no longer just as a tool, however as a co-employee, or even an govt," Sharma remarked, in line with a report published by using monetary times. He burdened that with automation probable to replace several human-pushed methods, corporations must refocus on innovation and center product improvement. Sharma envisions transforming paytm from a fintech platform into an "AI-first" employer, completely leveraging gadget intelligence in its operations.
At the same time as maximum organizations are handing out red slips to personnel due to an growth in automation, Paytm's employee headcount declined due to the Reserve bank of India's restrictions on paytm bills bank, which appreciably impacted the business enterprise's operations. The corporation saw a reduction of about 3,500 income staff in the march 2024 sector, bringing the overall headcount down to 36,521.
New AI feature
As a part of this AI-driven ambition, paytm is piloting a quirky, but innovative, characteristic, an AI-powered passbook that converts customers' month-to-month spending styles right into a personalized rap music. While the organisation has now not announced an professional rollout date, Sharma confirmed the venture is underway and might be accessible to customers quickly. The AI product will use transaction records to compose rhythmic summaries of users' financial pastime, blending tech with creativity to make private finance more attractive.
This is not Paytm's first foray into AI-powered client studies. Earlier, the enterprise had partnered with Perplexity, an AI search startup, to integrate conversational search talents within the paytm app. The circulate displays a broader shift in method to infuse sensible technology into everyday consumer interactions.
AI will take over greater jobs
The tech enterprise is going through yet any other turbulent yr, with extra than1,00,000 jobs already reduce across the globe in 2025. Tech giants like Intel, Meta, and google had been gradually trimming their teams as they confront mounting monetary headwinds, internal shake-ups, and a dramatic pivot toward AI-driven operations.
This yr's spate of tech activity losses mirrors the significant redundancies witnessed in 2023 and 2024. Simplest now, the tempo appears to be quickening. A couple of forces are contributing to the shake-up: from continual inflation and weakened purchaser self assurance to steeper interest quotes and tighter company spending. But looming especially is the arena's aggressive transition into the age of synthetic intelligence.
In preference to merely downsizing to reduce expenses, many tech corporations are present process a essential reorganisation of their talent base. As AI gear and automation emerge as an increasing number of embedded in each day workflows, long-standing roles are being replaced via specialized positions in information science, device gaining knowledge of, and intelligent systems. In a twist of irony, while lots of jobs are being shed, groups are actively recruiting, however handiest for folks that convey AI-centric abilties to the table.
This isn't simply another wave of redundancies, it marks a seismic shift in how the industry is structured. AI is now not an experimental upload-on; it has become the center motive force reshaping how companies feature, the forms of roles they fee, and the manner they scale in a rapidly evolving wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital landscape.Disclaimer: This content has been sourced and edited from Indiaherald. While we have made adjustments for clarity and presentation, the unique content material belongs to its respective authors and internet site. We do not claim possession of the content material.
Talking at Shiprocket's Shivir: AI trade version in the capital on Friday, Sharma stated AI will no longer most effective replace habitual human functions however additionally open up sparkling activity opportunities in rising tech domain names.
"We need to learn how to use AI no longer just as a tool, however as a co-employee, or even an govt," Sharma remarked, in line with a report published by using monetary times. He burdened that with automation probable to replace several human-pushed methods, corporations must refocus on innovation and center product improvement. Sharma envisions transforming paytm from a fintech platform into an "AI-first" employer, completely leveraging gadget intelligence in its operations.
At the same time as maximum organizations are handing out red slips to personnel due to an growth in automation, Paytm's employee headcount declined due to the Reserve bank of India's restrictions on paytm bills bank, which appreciably impacted the business enterprise's operations. The corporation saw a reduction of about 3,500 income staff in the march 2024 sector, bringing the overall headcount down to 36,521.
New AI feature
As a part of this AI-driven ambition, paytm is piloting a quirky, but innovative, characteristic, an AI-powered passbook that converts customers' month-to-month spending styles right into a personalized rap music. While the organisation has now not announced an professional rollout date, Sharma confirmed the venture is underway and might be accessible to customers quickly. The AI product will use transaction records to compose rhythmic summaries of users' financial pastime, blending tech with creativity to make private finance more attractive.
This is not Paytm's first foray into AI-powered client studies. Earlier, the enterprise had partnered with Perplexity, an AI search startup, to integrate conversational search talents within the paytm app. The circulate displays a broader shift in method to infuse sensible technology into everyday consumer interactions.
AI will take over greater jobs
The tech enterprise is going through yet any other turbulent yr, with extra than1,00,000 jobs already reduce across the globe in 2025. Tech giants like Intel, Meta, and google had been gradually trimming their teams as they confront mounting monetary headwinds, internal shake-ups, and a dramatic pivot toward AI-driven operations.
This yr's spate of tech activity losses mirrors the significant redundancies witnessed in 2023 and 2024. Simplest now, the tempo appears to be quickening. A couple of forces are contributing to the shake-up: from continual inflation and weakened purchaser self assurance to steeper interest quotes and tighter company spending. But looming especially is the arena's aggressive transition into the age of synthetic intelligence.
In preference to merely downsizing to reduce expenses, many tech corporations are present process a essential reorganisation of their talent base. As AI gear and automation emerge as an increasing number of embedded in each day workflows, long-standing roles are being replaced via specialized positions in information science, device gaining knowledge of, and intelligent systems. In a twist of irony, while lots of jobs are being shed, groups are actively recruiting, however handiest for folks that convey AI-centric abilties to the table.
This isn't simply another wave of redundancies, it marks a seismic shift in how the industry is structured. AI is now not an experimental upload-on; it has become the center motive force reshaping how companies feature, the forms of roles they fee, and the manner they scale in a rapidly evolving wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital landscape.Disclaimer: This content has been sourced and edited from Indiaherald. While we have made adjustments for clarity and presentation, the unique content material belongs to its respective authors and internet site. We do not claim possession of the content material.