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74% of CEOs worry AI failures could cost them their jobs
- kubb 1y agoWhat are they worried for? They have severance packages.
- ConanRus 1y ago[dead]
- kevin_thibedeau 1y agoThey should hedge their bets with blockchain and update their golden parachutes.
- pfdietz 1y agoAs well they should.
- ludicrousdispla 1y agoI wonder if the remaining 26% worry that AI successes will cost them their jobs.
- deleted 1y ago[deleted]
- QuantumNoodle 1y ago> 74% of CEOs fear losing their jobs within two years if they fail to deliver AI-driven results... so... "within 2 years" appears to be the runway for which we can expect a more conclusive verdict on AI investment?
- nathanaldensr 1y ago"74% of CEOs worry that not feeding the AI delusional hype cycle could cost them their jobs."
- nixpulvis 1y agoThis is wild to me. For the vast majority of businesses, AI is not the primary product. The message from the CEO should be: "we are welcome to, and will support you in developing AI solution if they can be proven to provide value to the key metrics and missions of the company". I wouldn't honestly expect most CEOs to be in the position to make the risk/reward evaluation, so I'd be pushing this down on people who knew more about it and who were willing to risk their careers on it. The CEOs should be protecting the quality of their brands and products.
- nis0s 1y agoI am confused why CEO salaries are still so high when AI can do most of their work? If companies are looking to improve margins, then decimating CEO salaries is a great place to start. I’d even say it’s a fiduciary duty to act on this sooner rather than later. No one’s networking is worth hundreds of millions. A reasonable approach is to cap CEO salaries at $2-5M, and invest everything else in the business. How is this already not being done, AI has rendered a lot of their “analysis” common place.
- itake 1y ago- CEO salaries are usually quite low as their compensation is mostly stock, not cash. - CEO salaries, even when they are high, are still a drop in the ocean compared to the company’s revenue or profits. - Elon Musk and the CEO of Starbucks have very famously been able to boost stocks just by existing…
- bpodgursky 1y agoWhen your observation is that the entire financial world is being irrational and you have an obvious solution, many thoughtful people would reflect upon their own priors.
- roommin 1y agoIt isn't irrational if you frame it as people with power aligning with the choices that reward them with power.
- Arainach 1y agoThe same financial world whose rationality has led companies[1][3] and economies[2] to ruin over and over? Rational doesn't mean sustainable or wise. [1]: https://bhc3.com/2009/05/11/when-being-rational-kills-your-business-clayton-christensen/ https://bhc3.com/2009/05/11/when-being-rational-kills-your-b... [2]: https://en.wikipedia.org/wiki/2008_financial_crisis https://en.wikipedia.org/wiki/2008_financial_crisis [3]: https://news.ycombinator.com/item?id=45745382 https://news.ycombinator.com/item?id=45745382
- protocolture 1y ago
- stuffn 1y agoCEOs afraid of losing their jobs because AI is a hype cycle rather than being concerned they'll put millions out of their own jobs. Average CEO in a nutshell. CEOs should be reviled.
- tracker1 1y agoIt's the money people funding the bubble... CEOs are largely just responding to it as part of the money class.
- waynesonfire 1y agoThat's insanely high. I'm surprised 74% of CEOs can even admit that their job is at risk. I've been made to believe these people are suppose to be narcissistic. I kept reading and quickly realized this entire report reads like a bunch of bull, "94% of CEOs believe AI agents could provide equal or better counsel than human board members." Board members hold CEOs accountable. How is an AI agent going to do that? "hey chatgpt, can I have a raise this year?"
- fennecbutt 1y agoSince when have CEOs been held accountable? When they get let go they get a huge payout and jump to the next place through social connections.
- futuraperdita 1y ago> Board members hold CEOs accountable. How is an AI agent going to do that? The lack of oversight is a feature, not a bug, in this case.
- deleted 1y ago[deleted]
- more_corn 1y agoThere is a winning move. That’s not to play the game. AI automation is a high risk and the rewards are questionable at best. Nobody ever got fired for running a profitable business with real employees, creating value for their customers and executing well. Note the word AI is NOWHERE in that sentence.
- add-sub-mul-div 1y agoIronic, I've been thinking of AI-chasing CEOs as NPCs. But in this case as you point out, not playing the game is the more original move.
- MengerSponge 1y agohttps://www.youtube.com/watch?v=BzAdXyPYKQo https://www.youtube.com/watch?v=BzAdXyPYKQo s/ROI/AGI/ It's fiction, but not really. Many companies aren't trying to run profitable businesses that create value for their customers and execute well. They're trying to make a f~*!ton of money all at once. AI is great if you're trying to surf a bubble and cash out! You don't have to do anything real! You can lose money with an impossible financial outlook, but AGI!
- burningChrome 1y agoMost companies have no idea what exactly AI is or what it does. My company just spend months on several AI initiatives. They created several power point presentations about how we can use AI to automate all of the teams repetitive tasks. Our senior leadership didn't even know that we've been doing automation for almost ten years now. They think automation IS AI.
- mateo411 1y agoWell, AI is changing so fast nobody can really tell you what it is.
- Neywiny 1y agoJust like Wi-Fi in Internet, and image editing is Photoshop, definitions get very lost and tangled. Couldn't agree with you more
- nandomrumber 1y agoDo these people think that when they open a file on their computer there is literally some Susan walking down to some basement somewhere and retrieving a manilla folder with a ladder.
- righthand 1y agoMy coworker is supposed to translate React webpage with 100% text and links into html and put in the WYSIWYG editor of the CMS. These are legal pages. Q: What did he do to solve the problem? A: pasted the raw react code and asked an Llm to translate it to html. The Llm did a terrible job. For example, it converted unordered lists to paragraphs with break tags. When I asked why he didn’t just copy the rendered output from the browser, he didn’t know how to do that. When he was shown how to do that, he said it would be too much work because the rendered output still contained css tags. So he would have to get the Llm to remove the tags for him. This is an engineer who’s been developing software for at least 10 years, well before Llms even existed. Yet he cannot figure out how to do a simple regex find + replace. He has no clue that he’s wasted a huge amount of time fiddling with Llms. Everyone thinks AI is a cheat code to their employment video game and I’m looking for a new job now because I’m surrounded by the downfall of humanity.
- khannn 1y agoCEOs: AI TOOK MY JERB
- shmerl 1y agoThey shouldn't be shoving AI on everyone then to appease investors who got overhyped about it. Otherwise they reap what they sow.
- fennecbutt 1y agoPssssh. CEOs have the luxury of not having to worry about that sort of thing. And that fact is proved time and time again. Even if your buddies don't get you into a cushy position, a multi million salary for a decade or so sets you up. No tears shed.
- denkmoon 1y agoYou're not thinking about the millions more they could have. These people don't want some of the money, they want all of the money.
- babypuncher 1y agoOf course, but it's easy for them to give into that when the worst possible consequence for royally screwing up is a comfortable early retirement.
- HumblyTossed 1y ago100% of them don't care that AI is costing OTHER people their jobs.