Nope not some nostalgic look back at some sitcom from the 80s.
I recently had a conversation about the who was more important to business, the CEO or the work force.
I say the workforce but not many conservs will agree….they hang on to the outdated idea that the CEO creates the wealth with their leadership and ideas.
Of course I cannot agree with that assessment.
Could AI replace CEOs and save a butt-load of money for the corporations?
CEOs better start endearing themselves to their employees real quick, because oh boy: the case for replacing them with AI just keeps mounting.
“Some people like the social aspects of having a human boss,” Phoebe Moore, professor of management and the futures of work at the University of Essex Business School, told The New York Times. “But after COVID, many are also fine with not having one.”
The idea of subbing bosses for bots is the flipside to all those fears about AI causing widespread job destruction, which often focus on the fact — quite justifiably — that it’ll be regular grunts being shown the door in favor of intelligent automation.
But since c-suite execs tend to command high salaries, there’s ample financial incentive to replace them, too.
“My first instinct is they would say, ‘Replace all the employees but not me,'” former director of MIT’s Computer Science and AI Lab Anant Agarwal told the newspaper. “But I thought more deeply and would say 80 percent of the work that a CEO does can be replaced by AI.”
To a degree, and sorry to all the head honchos out there, the idea makes sense.
Part of the role of a CEO is being a leader, yes — and one imagines that a bot would be ill-suited at rallying the troops — but they’re also decision-makers. And decisions these days are often data-driven.
https://futurism.com/the-byte/ceos-easily-replaced-with-ai
Just think of all that saved profit and the damage it could do to our economy and nation.
No more massive bonuses. no more Congressional hearings to embarrass the CEOs….just blame the program and grin.
Since greed is what corporations are all about these days this could make it more and more acceptable…..the dreams of dollar signs.
But is there a chance that AI will kill capitalism?
These four AI outcomes pose a real threat to capitalism:
AI wins again!
I Read, I Write, You Know
“lego ergo scribo”
Any CEO is less than useless without employees to do the actual work. As for AI, my jury is still out.
Best wishes, Pete.
I still do not see the need….but then I am old and not a tech savvy person…..I feel it will make us lazier than we are now. chuq
It’s easy to determine which is more important, the CEO or the workforce. Just take away one or the other and see what happens. Take away the workforce, leaving a company with just a CEO and what does the CEO do that generates actual income? Nothing. Zilch. Leave the workforce intact and take away the CEO and guess what? They’re still producing a product that is still selling.
I’ve been in a position twice where the head of the place I worked for abruptly left or died. We went for 6 months or more basically without an actual “boss”. No one even noticed. In one case our profits actually went up significantly because the boss had been, frankly, an idiot who owed his job to being part of the “good ol’ boy” network, not because he was any good at it.
AI? I admit it makes me nervous, even a bit scared. I’m a former computer programmer and I played around with neural networks and experimental AI systems back in the day and I know what a lot of the pitfalls and problems are. The potential for catastrophic problems is enormous. Still this seems the road we are now on.
It is a road that we need to tread carefully I believe…..AI is here to stay and I am so glad I am old and will not see the major problems that will come. chuq