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InMobi's CEO, Naveen Tewari, announced that the company will achieve 80% automation in software coding by year-end, which could lead to significant job losses for software engineers. He emphasized the urgency for tech professionals to upgrade their skills, as AI is set to replace highly specialized jobs first. Tewari stated that the codes generated by AI are not only faster but also self-fixing, indicating a major shift in the tech landscape.
Tewari also highlighted that investors' roles are at risk due to AI models that can make superior decisions, except for aspects involving human psychology. He urged professionals to adapt quickly, as the market is increasingly favoring companies that adopt AI technologies. InMobi is restructuring its operations to focus on an AI-first approach, with its subsidiaries, InMobi Ads and Glance, leading the charge.
• InMobi plans 80% automation in software coding by year-end.
• AI models threaten traditional investor roles by making better decisions.
Automation refers to the use of technology to perform tasks without human intervention, as seen in InMobi's coding processes.
AI involves the simulation of human intelligence in machines, which is central to InMobi's operational strategy.
GenAI refers to generative AI technologies that create content or solutions, relevant in Glance's partnership with Google Cloud.
InMobi is a mobile advertising technology company that is transitioning to an AI-first operational model.
Glance is a consumer technology company under InMobi, focusing on smart lock screen technology and AI solutions.
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