https://www.foxbusiness.com/technology/ai-replace-outsourced-coders-india-two-years-stability-ai-ceo.amp AI will replace outsourced coders in India in 2 years, Stability AI CEO says AI models are like ''really talented grads,'' Emad Mostaque says Julia MustoPublished July 18, 2023 12:31pm EDT Artificial intelligence will render most outsourced coders in India jobless within a couple of years, according to Stability AI CEO Emad Mostaque. Mostaque reportedly said on a call with UBS analysts that the tech means it is now possible for software development with fewer people involved. "I think that it affects different types of jobs in different ways," Mostaque said last week, which was first reported by CNBC. "If you’re doing a job in front of a computer, and no one ever sees you, then it’s massively impactful, because these models are like really talented grads," he said. SEC’S GART GENSLER SAYS AI FINANCIAL ADVICE MUST BENEFIT INVESTORS, NOT THE MODEL Emad Mostaque, founder and chief executive officer of Stability AI Ltd., during the Bloomberg Technology Summit in San Francisco on June 22, 2023. (Photographer: David Paul Morris/Bloomberg via Getty Images / Getty Images) In India, Mostaque explained, "outsourced coders up to level three programmers will be gone in the next year or two, whereas in France, you’ll never fire a developer." "So it affects different models in different countries in different ways in different sectors," he added. Mostaque previously predicted that there would be "no programmers in five years," in an interview for the Moonshots and Mindsets Podcast, later clarifying that he was referring to traditional coders. The chief executive echoed those statements on the call. GET FOX BUSINESS ON THE GO BY CLICKING HERE In this photo illustration, a Stability Ai logo is displayed on a smartphone with stock market percentages on the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images / Getty Images) "Why would you have to write code where the computer can write code better? When you deconstruct the programming thing from bug testing to unit testing to ideation, an AI can do that, just better," he said. CLICK HERE TO READ MORE ON FOX BUSINESS Emad Mostaque, founder and chief executive officer of Stability AI Ltd., during the Bloomberg Technology Summit in San Francisco on Thursday, June 22, 2023.(Photographer: David Paul Morris/Bloomberg via Getty Images / Getty Images) "But it won’t be doing it automatically, it will be AI ‘co-pilots,’" Mostaque continued. "That means less people are needed for classical programming, but then are they needed for other things? This is the question and this is the balance that we have to understand, because different areas are also affected differently." Stability AI is the companybehind Stable Diffusion, the open-source image generator.
果不其然，这个CEO秉承了老印一贯的吹牛风格 In reality, Mostaque has a bachelor’s degree, not a master’s degree from Oxford. The hedge fund’s banner year was followed by one so poor that it shut down months later. The U.N. hasn’t worked with him for years. And while Stable Diffusion was the main reason for his own startup Stability AI’s ascent to prominence, its source code was written by a different group of researchers. “Stability, as far as I know, did not even know about this thing when we created it,” Björn Ommer, the professor who led the research, told Forbes. “They jumped on this wagon only later on.”
AI will replace outsourced coders in India in 2 years, Stability AI CEO says AI models are like ''really talented grads,'' Emad Mostaque says Julia MustoPublished July 18, 2023 12:31pm EDT Artificial intelligence will render most outsourced coders in India jobless within a couple of years, according to Stability AI CEO Emad Mostaque. Mostaque reportedly said on a call with UBS analysts that the tech means it is now possible for software development with fewer people involved. "I think that it affects different types of jobs in different ways," Mostaque said last week, which was first reported by CNBC. "If you’re doing a job in front of a computer, and no one ever sees you, then it’s massively impactful, because these models are like really talented grads," he said. SEC’S GART GENSLER SAYS AI FINANCIAL ADVICE MUST BENEFIT INVESTORS, NOT THE MODEL
In India, Mostaque explained, "outsourced coders up to level three programmers will be gone in the next year or two, whereas in France, you’ll never fire a developer." "So it affects different models in different countries in different ways in different sectors," he added. Mostaque previously predicted that there would be "no programmers in five years," in an interview for the Moonshots and Mindsets Podcast, later clarifying that he was referring to traditional coders. The chief executive echoed those statements on the call. GET FOX BUSINESS ON THE GO BY CLICKING HERE In this photo illustration, a Stability Ai logo is displayed on a smartphone with stock market percentages on the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images / Getty Images) "Why would you have to write code where the computer can write code better? When you deconstruct the programming thing from bug testing to unit testing to ideation, an AI can do that, just better," he said. CLICK HERE TO READ MORE ON FOX BUSINESS Emad Mostaque, founder and chief executive officer of Stability AI Ltd., during the Bloomberg Technology Summit in San Francisco on Thursday, June 22, 2023.(Photographer: David Paul Morris/Bloomberg via Getty Images / Getty Images) "But it won’t be doing it automatically, it will be AI ‘co-pilots,’" Mostaque continued. "That means less people are needed for classical programming, but then are they needed for other things? This is the question and this is the balance that we have to understand, because different areas are also affected differently." Stability AI is the companybehind Stable Diffusion, the open-source image generator.
In reality, Mostaque has a bachelor’s degree, not a master’s degree from Oxford. The hedge fund’s banner year was followed by one so poor that it shut down months later. The U.N. hasn’t worked with him for years. And while Stable Diffusion was the main reason for his own startup Stability AI’s ascent to prominence, its source code was written by a different group of researchers. “Stability, as far as I know, did not even know about this thing when we created it,” Björn Ommer, the professor who led the research, told Forbes. “They jumped on this wagon only later on.”