“Nothing can match the human mind — not even AI chatbots like ChatGPT,” says Narayana Murthy, founder of Indian IT services giant Infosys.

“ChatGPT is a great addition to doing certain tasks like writing a report,” Murthy told CNBC in the latest issue of The CNBC Conversation. “I strongly believe in the theory that the human mind is the most powerful machine. There is nothing that can defeat the human mind,” he said.

Murthy was CEO of Infosys from 1981 to 2002. In 2014, he was ranked 13th among CNBC’s 25 global business leaders with the greatest impact on society.

“The human mind matters,” said the Indian billionaire. “If there is a competition between us using ChatGPT, each of us should add our point of view, we will ask our questions, and the judges at the end will judge human thinking,” Murthy continued. “Only the smart one will get great, the lazy one will get below the plinth,” he added. “So I’m not really worried about ChatGPT yet.”

In 1981, Murthy and six other engineers founded Infosys with just $250 in initial capital. Infosys provides business consulting, information technology, software development and outsourcing services.

Today, the company has a market capitalization of $62 billion and employs over 346,000 people worldwide, from Asia Pacific to North America, Europe and the Middle East.

300 million jobs at risk

Goldman Sachs recently reported that artificial intelligence systems like ChatGPT could spark a productivity boom that would eventually boost annual global gross domestic product by 7% over a 10-year period.

However, it is emphasized that “if the technology lived up to its promises, it would also lead to significant labor market disruption, equivalent to 300 million full-time jobs in major countries.”

Lawyers and administrative staff will be at risk.

Researchers estimate that about two-thirds of jobs in the US and Europe are subject to some degree of AI automation, based on data on tasks that are typically performed in thousands of occupations.

Most people will see less than half of their workload automated and they will likely continue to work at their desks with some of their time freed up for more productive activities.

Occupations that will be least affected

On the other hand, occupations that will be least affected by technology are chefs, motorcycle mechanics, and workers in oil and gas companies.

The researchers didn’t predict whether jobs would actually be lost, said Matt Bean, an assistant professor at the University of California at Santa Barbara who studies the impact of technology on the labor market and was not involved in the study.

“The report also doesn’t provide an accurate forecast of what will change in the work environment and when,” he added.

Bean noted that the real problem lies with companies, schools and politicians, who in the future will have to help people adapt.

However, other recent studies have shown that AI can significantly save time and produce better results than humans.

According to CNBC, Wall Street Journal