Infosys co-founder NR Narayana Murthy recently expressed his disappointment over what he termed as “silly old programs” being paraded as artificial intelligence (AI) by tech companies in India. Speaking on Wednesday, Murthy cautioned against exaggerated claims regarding AI, emphasizing that India’s path out of poverty lies in innovation and job creation rather than government freebies.
Ordinary Algorithms Masquerading as AI
Murthy took a firm stance, noting that many systems labeled as AI are nothing more than regular algorithms. He pointed out that genuine AI involves two core principles: deep learning—which simulates human brain functions through unsupervised algorithms—and machine learning, which facilitates large-scale predictive analysis through data correlation.
“Ordinary programs are touted as AI,” Murthy remarked. “Real AI, involving deep learning and neural networks, holds immense potential to mimic human intelligence more effectively.”
Balancing Technological Advancement and Job Creation
While acknowledging that technology could lead to job losses in some sectors, Murthy argued that leveraging AI constructively could boost economic growth. Drawing parallels with past advancements, he highlighted that automation might replace specific roles but also has the power to generate new industries and job opportunities.
For example, Murthy noted that AI applications in autonomous vehicles and healthcare could significantly expand companies in those sectors, ultimately leading to job creation. He advised Indian startups to benchmark against global standards and push beyond perceived limitations.
“In the beginning, it looks impossible, but the moment the mindset changes, progress follows,” he said.
Fostering Talent and Compassionate Capitalism
Murthy, a vocal advocate of compassionate capitalism, criticized the practice of government giveaways without measurable outcomes. He argued that subsidies should be linked to specific, quantifiable results, such as improved educational outcomes when providing free electricity.
He also emphasized the importance of attracting and retaining top talent, advising business owners to hire people smarter than themselves and cultivate an environment open to new ideas.
“If you think in terms of doing good for society, you’ll secure repeat business, attract talent, gain investor confidence, and maintain support even in tough times,” he added.
A Call for Pragmatic Entrepreneurship
Murthy’s message to entrepreneurs was clear: focus on sustainable innovation, hire wisely, and aim for global excellence. He stressed that poverty can be eradicated not through handouts but by fostering an ecosystem of innovation and responsibility.
The veteran entrepreneur concluded with a powerful reminder:
“Our poverty will vanish like dew on a sunny morning if we focus on meaningful innovation and responsible growth.”
