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Artificial intelligence has quickly become a tool that many companies are looking for use in the coming years. Back Morbel64% of businesses believe that AI can help increase productivity – although many employees fear that its increasing workplace prevalence could reduce the number of jobs available.
At the end of January in the World Economic Forum in Davos, SwitzerlandYahoo Finance's Executive Editor, Brian Sozzi, asked a variety of economic leaders about their views on a place in the workforce-and shared their wide ones in taking the opening application podcast.
Here are some of the highlights.
CEO and Chairman Morgan Stanley Ted Pick Seeing Ai as a tool to take care of normal tasks, such as taking notes. But ultimately, it will not replace the human attitude that makes many businesses thrive.
“Yes, the AI is extremely important,” he said when opening an application. “It brings a ton of efficiency to the cost structure and (it) disturbs the main frame and that sort of thing. You do not need to write your notes because someone will spit it out. 20 hours of specific notebooks are taken down 80% … (but) we still need the human. That is never going to change. “
Although AI could make some day -to -day tasks easier to complete, he insisted that much of his business was driven by a relationship.
“We talk about rigor, humility and partnership, and if you don't have a timeline of a relationship, no one is going to be impressed,” said Pick. “You care about the few details. You may be away – you get a question wrong, you give advice (not that) is absolutely right – but you correct (Fe). And you focus on that client over time. “
NASDAQ CEO Adena Friedman also felt that his ability to care for more common tasks will be the largest draw.
“AI can write those reports,” he said. “So you give them the facts and the AI can write the report. That just saves huge time. The same as other regulatory reports. So there is a lot … where the technology can be used to remove a lot of very boring, rote work. “
He also anticipated that AI will be a particularly useful tool in curating recommendations for an individual's investment portfolio and answering client questions.
“AI (it will continue) to drive interesting ways to engage with investors using AI algorithm to make predictive decisions,” he said.
Economist Nouriel Roubini: AI will eventually replace many jobs
Economist Nouriel Roubini, also known as “Doom Dr.“He has a A less optimistic preview on the future of ai in business. While many consider it a useful tool to help eliminate more common tasks, he believes that AI rapid growth will outweigh the availability of jobs quickly.
“There are two scenes,” said Roubini, an emeritus teacher at the Stern Nyu Business School, when opening an application. “One is that AI is going to complement existing jobs, replacing some, but creating many new ones – the jobs of the future. But then the other view is that AI replaces many jobs over time. We're not going to get enough jobs, and I think the final view will be the right one over time. “
He expanded, saying that the “innovative integration between software and hardware” has made it so blue collar and white collar posts will easily be replaced as AI proceeds in his ability to learn and gather information at a PhD level.
“It's shocking, but it's happening in the next year or two – literally,” said Roubini. “And that's going to be even a bigger revolution, I think, than (productive) ai.”
“These technologies are capital-intensive, high skill bias, and save labor,” he continued. “So if you own the machine or capital that owns the machine, you're going to do well. But if you are a white collar (or) low -skilled blue collar or medium skills (employee), your job and income will increasingly be threatened by AI, and there will not be enough jobs in the future. “
People walk past a sign promoting AI at the World Economic Forum in Davos, Switzerland, on January 17, 2024. (Andy Barton/Sopa Images/Lightrocket via Getty Images) ·SOPA images via Getty images
Ray billionaire holds reflect on AI and Leadership Lessons
Ultimately, the extent to which AI will disrupt work will depend on how it is implemented in the workforce.
For investors and those watching key technological developments, “AI opportunities will come in applications … and who will use it,” said Ray Dalio, hedge fund manager. “It's very similar to the Internet and the dot-com.”
Although he did not pay attention directly whether Ai would disturb the labors, he reflected on some leadership lessons for the creation of effective organizations.
The most important thing is to understand how to bring together the values, abilities and skills of employees, Dalio said.
“I want the merits of an idea where meaningful work and relationships are almost meaningful through radical truth and radical transparency,” he said. “That is, may I share with you what I think in a non-hierarchical way? Can you share with me what (you) think? And together, can we have the best ideas? “
Three times a week, Executive Editor Yahoo Finance Brian Sazzi Flow -talking conversations and conversations in field insights with the biggest names in business and markets An opening bid. You can find more episodes on our A video boost or watch on your Preferred Streaming Service.
