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AI May Lead to Wealth Concentration
Business Standard
|August 02, 2025
IT services major Infosys' co-founder and non-executive chairman Nandan Nilekani (pictured) has said that artificial intelligence (AI) is bound to lead to concentration of wealth and power in a few, but pitched for deploying new-age technologies at scale for human betterment.
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Smart use of AI can solve problems of healthcare and education for a billion people, Nilekani said, stressing that he is an optimist who wants to look at the positive side of technology in tackling real issues. "Obviously, there is going to be a concentration of wealth and power with AI. We can't f
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