Telangana to explore AI tax to offset job losses: CM Revanth Reddy
AI-summarised brief · reviewed before publication
Telangana Chief Minister A Revanth Reddy proposed a "people credits" policy framework to offset job losses caused by automation. The framework would require AI companies to pay a levy for every job displaced. Reddy drew a parallel with carbon credits used to penalise polluting industries, suggesting it's only fair for companies to compensate society for job losses. He made the proposal at the Harvard AI Symposium in Boston.