According to a recent survey of CEOs in the country, 42% believe that AI will cause the end of humanity in the next ten years. Meanwhile, AI is already ravaging the workforce, and CEOs are responsible.
The report from CNN cites figures from the Yale CEO summit, revealing that almost 50% of the surveyed CEOs believe that artificial intelligence could threaten humanity in the next five to 10 years. 34% of surveyed CEOs believe that AI has the potential to cause harm to humanity within a decade, while 8% believe it could happen in five years. On the other hand, 58% of the CEOs surveyed do not express significant concern about the issue. The survey included responses from various CEOs, such as Walmart’s Doug McMillon and Coca-Cola’s James Quincy, as well as leaders from Xerox, Zoom, and other pharmaceutical, media, and manufacturing companies. However, it is uncertain which specific leaders participated in the survey.
Content related to Netflix Passwords, AI detection by ChatGPT, and the discontinuation of CoTweets has been selected as Editor Picks.
Sharing Netflix passwords is not recommended. ChatGPT cannot detect AI, and there are no more co-tweets. These are the editor’s picks.
CNET is reviewing the accuracy of all AI-written articles after multiple significant corrections have been made.
According to Bill Gates, AI cannot be paused even if one desires it. A group of 500 leading technologists and Elon Musk are calling for an immediate pause on developing advanced AI systems.
The question of whether or not AI will destroy humanity is interesting to pose to CEOs since they have the power to decide if that happens. Some are already jumping on the AI bandwagon, placing profits over people’s livelihoods. The CEO of IBM, Arvind Krishna, announced last month that there are plans to slow down or pause hiring for positions that AI could replace. The slowdown or freeze in hiring would affect back-office positions and departments such as HR—these non-customer-facing positions make up around 26,000 positions in the workforce. According to a statement made by Tim Davidson, a communications officer at IBM, the company prioritizes revenue-generating roles in its hiring process and takes a deliberate and thoughtful approach.
It doesn’t stop at the company mentioned. According to a workforce report, approximately 4,000 jobs were lost in May due to the impact of artificial intelligence. There are talks of a possible recession, which may lead company leadership to reduce the number of human employees and opt for AI technology to save costs and impress shareholders.
CEOs and those surveyed ignore that AI could supplement labor by making menial tasks easier or even non-existent, thereby optimizing the performance of both AI and the human worker. Recent research by Stanford University and the Massachusetts Institute of Technology has revealed that using ChatGPT in the workflow resulted in a 14% increase in employee productivity. The study also found that the least experienced and skilled workers could complete tasks 35% faster.