Zoho's Sridhar Vembu Warns AI Is Eliminating Jobs, Floats Basic Income as Fix

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Zoho co-founder Sridhar Vembu has raised serious concerns about artificial intelligence displacing workers across industries. He noted that the IT sector, including Zoho itself, has not been generating significant new employment in recent times. Funds that would previously have gone toward hiring are now being redirected to AI development and expanding data center infrastructure. Vembu proposed Universal Basic Income as a possible measure to safeguard citizens' livelihoods amid this shift. He also questioned whether a saturated software market actually needs more products as industry growth continues to slow.

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