During the Global Investors Meet (GIM) in Chennai, Anand Mahindra stated that he believes in human wisdom rather than artificial intelligence, and that wisdom is gained through experience.

 

The chairman of the Mahindra and Mahindra Group said what ChatGPT does is aggregate data but what it doesn't do is capture what a human being has experienced and concluded about something, as per economic times.

 

"I'm not at all gloomy about the prognostications that AI will one day take over from human beings," he said. "Technological change is always frightening. Socrates disapproved of the idea of writing, because he believed it would affect the human being's capacity to memorise. And yet, writing turned out to be one of the most seminal developments in human history... AI will become the companion to the creative process, not its master."

 

He stated that Mahindra has always believed that electric vehicles are the way forward for a country like India, which lacks fossil fuel resources.

 

"We think it's very important both for the planet as well as geopolitically for India to move to a renewable fuel. Everything is going to be about calibration," he explained.

 

"What I like is that they are calibrating, doing everything they can to succeed in EVs, but they are also making sure that if the pace of change is different, it's not going to in any way set us back," he explained. "We have a very strong portfolio and let me go back to what I said earlier, the real success of a car company comes from its brand, (and) from its product experience. So one way or the other, the name Mahindra doesn't mean EVs. The name Mahindra connotes different things to different people."