AI not an existential threat, says PPFAS CIO Rajeev Thakkar

Rajeev Thakkar is a money expert at a company called PPFAS that helps people invest their savings.

He wrote a letter to explain how he feels about artificial intelligence, or AI for short.

AI is computer software that can do smart things, like writing computer code.

Some people are scared that AI will take away lots of jobs.

Mr. Thakkar thinks that fear is too big, especially when you look at entire industries.

He points out that when banks started using computers, people worried bank jobs would disappear.

But banks today have even more workers than they did in the 1980s and 1990s.

He believes AI will change the kind of work people do, not wipe out the work.

He also thinks AI will create new jobs, like keeping computers safe from hackers.

So Mr. Thakkar sees AI as a helpful new tool that changes how we work, not something to be afraid of.