InMobi’s Automation Vision: A Call for Tech Professionals to Adapt
Naveen Tewari’s Cautionary Message
In a recent event held by LetsVenture, Naveen Tewari, the founder and CEO of InMobi, issued a stern warning to tech professionals regarding the impending changes in the industry. He disclosed that his company plans to achieve an impressive 80% automation in software coding by the end of this year, predicting significant job losses for software engineers currently employed by InMobi.
The Future of Software Engineering
“I think my software engineers will go away. They will not have jobs within two years,” Tewari stated candidly. This proclamation underscores the growing impact of automation and artificial intelligence on traditional roles within the tech sector.
The Path to Automation
Tewari noted that his Chief Technology Officer is already spearheading initiatives to streamline coding processes. With 50% automation already achieved, the company is well on its way to implementing the remaining 30% by year-end. “The codes created by the machine are faster and better, and they fix themselves,” he emphasized during his discussion with Shanti Mohan, CEO of LetsVenture.
A Call for Professional Development
In light of these developments, Tewari urged tech professionals to take their careers into their own hands. “Upgrade yourself, don’t ask me to upgrade you. Because this is survival. The world underneath you is shifting,” he advised.
The Broader Implications for Investors
Tewari also highlighted that the rise of AI poses risks beyond just software engineering. He warned that the roles of investors are under threat as well, given the emergence of models that can make more informed decisions based on data.
The Human Element in Investment
“The only part the model cannot replicate is human psychology,” Tewari explained. “So, if you’re good at reading people, then you have a job, but most investors are not good at reading people. They’re good at business models.”
InMobi’s AI-First Approach
In January 2024, reports surfaced that InMobi is significantly restructuring its operations to adopt an AI-first approach. This strategic pivot aims to position the company favorably in a rapidly evolving marketplace.
The Company’s Divisions
InMobi operates two primary divisions: InMobi Ads, which focuses on B2B advertising technology, and Glance, a consumer technology platform that offers innovative smart lock screen solutions for Android-based smartphones.
Recent Partnerships and Initiatives
On a promising note, Glance recently announced a strategic partnership with Google Cloud aimed at developing GenAI solutions for smartphones equipped with Glance technology around the world.
Funding to Accelerate AI Development
In September, the Softbank-backed InMobi raised $100 million in debt financing from MARS Growth Capital to enhance its AI capabilities.
The Future of AI-Driven Companies
Tewari captured the essence of the corporate landscape, stating, “By now, you are either going to be a GenAI-led company, or you will not survive. It is a winner-takes-most market, and early players will have a disproportionate advantage.”
Navigating Change in a New Era
As automated solutions become increasingly capable, the need for adaptability among tech workers becomes paramount. Embracing continuous learning and skill enhancement is no longer optional but essential for career survival.
Conclusion
The transition towards automation in software engineering and investment roles is inevitable. Professionals must proactively evolve their skill sets to remain relevant in an industry that is reshaping itself with technology. As highlighted by Naveen Tewari’s insights, the success or failure of careers may hinge on the willingness to adapt.
Questions and Answers
- What is InMobi planning for automation?
InMobi aims to achieve 80% automation in software coding by the end of this year. - What did Naveen Tewari predict about software engineers’ jobs?
He stated that many software engineers would likely lose their jobs within two years due to automation. - What did Tewari say about the role of AI in investment?
He indicated that AI can make better choices than many investors, putting their roles in jeopardy. - How is Glance contributing to AI development?
Glance has partnered with Google Cloud to develop GenAI solutions for smartphones. - What financial support did InMobi receive for AI initiatives?
InMobi raised $100 million in debt financing from MARS Growth Capital to boost its AI development efforts.
