Recently, a lot has been written about India's digital transformation, and the number of businesses there is growing quickly. According to Parijat Ghosh, an executive at Bain and Company, India's internet economy would rise to USD 1 trillion by 2030 and be led by startups and MSMEs. While the number of companies in the nation continues to rise, Infosys founder NR Narayana Murthy has some advice for all the aspiring entrepreneurs out there.
The founder of Infosys claimed that young startup founders are "highly impressionable" and "prone to making mistakes" when speaking at the Business Today Tech Today Congress. They should be alright, though, as long as they learn from their errors and alter their course appropriately.
He stated, "These are all youngsters and they are incredibly impressionable, speaking of the young company entrepreneurs. and therefore more likely to make mistakes. We shouldn't be overly strict with them. However, as long as they are prepared to admit their errors, promptly alter their course, and work towards what is in the best interests of all parties involved, they should be fine.
Murthy added, "As long as possible, they need to tell all of their stakeholders that see, some of you have lost some money," to further clarify his initial statement. Therefore, what we'll do is operate the company really effectively, make a specific cat, and provide excellent social service. Second, for those of you who own shares of the company, we will work 10 times as hard to ensure that the money grows and makes up for whatever losses we have suffered.
The tech market is currently dominated by conversations about ChatGPT and other AI tools. In November 2022, OpenAI released ChatGPT, and the AI chatbot quickly established its revolutionary status.
In the end, OpenAI unveiled GPT-4, a superior iteration of ChatGPT with expanded features. With all its strength and potential, ChatGPT also raised concerns from some who claimed that the AI bot would eventually cost humans their jobs.
In an interview with CNBC in April of this year, NR Narayana Murthy also discussed his opinions on the ongoing discussion. Murthy, referring to AI chatbots like ChatGPT, claimed that "Nothing can beat the human mind."
"I really believe that the human mind is the most potent machine for imaginative thought. Nothing can compare to the human mind, he had declared, adding that it is what distinguishes one person from another. Thus, despite the fact that we all have access to the same ChatGPT, we will each use it in a unique way.
The professors will be far more impressed with you than with me at that point, according to Murthy, if you and I were to compete. You would utilize the ChatGPT output as your starting point and then add your own distinction, cleverness, and modification. The slackers will receive a C. Only intelligent people will earn an A. I thus don't worry too much about ChatGPT," he stated.
