Telangana Chief Minister Revanth Reddy has suggested creating an Artificial Intelligence tax to help people who might lose their jobs because of automation. While speaking at an AI symposium hosted by Harvard Kennedy School, he described AI as a “double-edged sword” that could threaten jobs if not controlled early.
The Chief Minister proposed a system like carbon credits, where companies that gain from AI would contribute through a “people credits” plan. This aims to ensure that businesses take responsibility for the social effects of technological changes.
Reddy pointed out that while AI could increase productivity and change industries, it might lead to fewer entry-level jobs and impact various professions, including law, medicine, and creative fields. He emphasized the need for policy action to balance economic growth with job security.
He also mentioned plans to create an AI-focused environment in Telangana, which includes a dedicated AI district as part of the proposed Bharat Future City near Hyderabad. This initiative seeks to make the state a global center for artificial intelligence and new technologies.
This proposal is an important step in India’s changing approach to managing AI as governments start to tackle the economic and social impacts of rapid technological progress.
