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AI will reduce workforce, say 41% of execs in a survey
(www.theregister.com)
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this post was submitted on 07 Apr 2024
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Can AI replace executives too?
Yes. And it will.
As soon as we’ve managed to make a computer that can simulate an entire brain in real time. Who knows how many decades or even centuries will that take.
No. Middle management is a lot of repeating tasks that an AI could do. The thing is that were not talking about replacing all middle management, we're talking about giving 10% of the managers the tools to run 90% of the repetitive, tedious and boring tasks.
To replace a corporate executive? No, I don't think so. We already have algorithms more than capable of replacing CEOs. There is nothing that challenging in what they do...
The challenge is to not do whatever the optimal algorithm says. If they simply did what an algorithm says, it would be very easy for competitors to predict.
The challenge comes in being a scapegoat for when things go wrong (albeit a goat with a golden parachute) and a hype man for when things go right.
But as others have said AI won't replace executives because it's executives making the decisions to use AI, and no one with power will ever choose an option that reduces their own money.
Oh, but the board directors might want to replace the CEO anyway.
Well, the one in power might decide that they're spending too much on the managers below them.
You make it sound like corporations invent a new revolutionary wheel each quarter. They don't.
What fantastic new beverage have Coca Cola launched the last couple of years? What astonishing new car technology has GM or Volkswagen released lately?
Most companies are doing what they've always have done and guarding their market share. Now and then some small competitor with something revolutionizing pops up and either starts eating market share it gets aquired by one the bigger ones.
So between a competition popping up or one of your engineers coming up with a lucky accident, all you do is to manage the business as you always do.
It's amazing how this delusion gets repeated so much in here. Absolute unhinged shit.