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AI will concentrate wealth; must solve social issues with it: Nilekani

[[{“value”:”IT services major Infosys’ co-founder and non-executive chairman Nandan Nilekani 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.
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 fight that. Forces at play are much bigger than any of us. But in our zone of influence, we have to do what we can to create a different paradigm,” he said, speaking at an event hosted by the Asia Society here late on Thursday evening.
“AI will be very well used in India but in a way that helps people’s lives, helps them to learn languages, get better healthcare, get better education,” Nilekani, who is credited for creating a”}]] 

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