This 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.
I 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.
1. Shareholders are entrusting the CEO with their money to turn it into more money. Networking can absolutely be worth that much. Especially at the start up stage, the CEO is selling the ability to build the money maker, which requires knowing the right people.
2. In your hypothetical, who is deciding these high level "investments" into the company? who is accountable for their strategic success or failure?
That'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?"
There 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.
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!
Most 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.
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[ 2.4 ms ] story [ 39.5 ms ] threadso... "within 2 years" appears to be the runway for which we can expect a more conclusive verdict on AI investment?
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.
1. Shareholders are entrusting the CEO with their money to turn it into more money. Networking can absolutely be worth that much. Especially at the start up stage, the CEO is selling the ability to build the money maker, which requires knowing the right people. 2. In your hypothetical, who is deciding these high level "investments" into the company? who is accountable for their strategic success or failure?
Average CEO in a nutshell. CEOs should be reviled.
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?"
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.
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!
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.
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.