There’s some company in … can’t remember if it was Hong Kong, or Taiwan… they did that, & it improved the bottom-line.
AND they didn’t have to pay the thing!
Win-win, all 'round…
It was a specific division in a conglomerate, iirc…
They did it as an experiment.
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Now there is an idea. But the money that the CEO would be paid would go to workers right? Right?!
Anakin.jpg
For a publicly traded business, this could greatly benefit the share holder with a more efficient AI CEO to steer the ship.
Less sexual harassment lawsuits too
You would not want to use AI anywhere it matters. Only in places where it does not matter if you get it right the first, second or even the third time, like customer support.
We’re going inception style now, but then ceo would be even more fitting, don’t you think?
AI is currently really bad with business decisions. Like laughably so. There have been several small attempts, say letting an LLM manage a vending machine. I believe they’ve all flopped. Compare to performance in image creation/editing and programming performance (where, on measurables, they do relatively well). When an AI that could run a business OK exists, you should expect to see it happen.
CEO’s are paid so much primarily because the turn to paying them in stocks. This changed because of pay-caps for executives (so to compete for CEOS, companies offered stocks). The idea was that this would align their incentives with the shareholders. Unfortunately, this has lead to a lot of extremely short term company policy by CEOs, spiking stock value to cash out.
Get out of here with your sensible economic logic. The answer is obviously because CEOs and shareholders are catagorically evil, and make all their descisions with the sole intent of making my life miserable.
Two things can be true, that’s all I’m saying.
Real answer: because the CEO is the figurehead of the company. An AI can do exactly what a CEO can do except actually interacting with people. So the only necessary and “irreplaceable” job of the CEO is to meet with people and get them to make a deal or invest or whatever.
That being said, I don’t think there’s any job an LLM can replace a human for. Human’s aren’t hired as next word predictors. Even the CEO has more to their decision making job than making decisions. Knowing what decisions to make is something the AI can’t do alone.
CEOs are overpaid though. Their jobs aren’t hard and mostly what determines their success is luck.
Because they don’t actually care about “speed” or “efficiency”. All they care about is having all the money. Every decision they make is in service of that goal, including what words they say in public.
Because the purpose of a CEO is wealth transfer. Controlling the company is purely incidental.
This wasn’t particularly true all that long ago. Huge buyouts and benefits for CEOs are both quite recent phenomena. Shareholders had a much better split not that long ago, and the social/family dynamics haven’t had long to change so drastically.
Who’s going to make that decision? The CEO?
The board who determines the CEO’s pay for a public company. For a private company whoever owns the company - if that’s the CEO then maybe they’d implement the AI CEO then just retire.
then maybe they’d implement the AI CEO then just retire.
I think this is the most realistic scenario. CEO outsources her workload to AI as much as possible while still collecting a paycheque.
I know. Right? The rich protect the rich. That’s why. They have their own union and you aren’t part of it.
You’d probably get fewer hallucinations.
i said back when people first started talking about AI replacing workers… if there’s one job that can easily be replaced by AI, it’s a fucking CEO.
Might end up with more humanity in business decisions by replacing the empathy-devoid CEOs currently running things with something trained on a larger sample of people.
What you do with money ? Give it to people so they stop working ? CEOs are needed so people earn enough money to survive but not enough to live or rebel against the system. Just like chickens. You cut chicken wings so they don’t fly away.
You see productivity gains have nothing to do with AI. It’s being pushed down our throats because some elites have vested interest in its success and it’s another way to extract more money from the consumers.
Just set growth to 10%!
