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Saturday, April 13, 2024
CEOWORLD magazine - Latest - CEO Journal - 42% of CEOs fear artificial intelligence (AI) could destroy humanity in 5-10 years

CEO Journal

42% of CEOs fear artificial intelligence (AI) could destroy humanity in 5-10 years

Artificial intelligence (AI)

The survey results from the invitation-only Yale CEO Summit regarding artificial intelligence (AI) present a diverse range of perspectives among CEOs. According to the study, 42% of CEOs expressed concern that AI can potentially destroy humanity within the next 5 to 10 years. This view was characterized as “dark and alarming” by Yale professor Jeffrey Sonnenfeld, who shared the results.

On the other hand, 58% of CEOs stated that they are “not worried” and believe that AI is unlikely to lead to such catastrophic outcomes. Additionally, 42% of the CEOs surveyed believed that the potential risks associated with AI are overstated, while the remaining 58% disagreed with this notion.

It’s worth noting that the survey included responses from various CEOs representing different industries, including retail, technology, pharmaceuticals, media, and manufacturing. A total of 119 CEOs took part in the survey, including Walmart CEO Doug McMillion, and Coca-Cola CEO James Quincy—though it’s not clear which leaders responded to the study.

The lack of consensus among CEOs regarding the risks and opportunities of AI reflects the complex and evolving nature of the technology and its potential impact on society.

These results highlight the ongoing debate and uncertainties surrounding AI, with some expressing concerns about its potential negative consequences, while others remain optimistic about its positive contributions. It emphasizes the need for ongoing discussions, research, and ethical considerations to ensure responsible future development and deployment of AI technologies.

WHAT’S NEXT:

CEOs, including those surveyed at the Yale CEO Summit, often overlook the fact that AI has the potential to supplement human labor and optimize the performance of both artificial intelligence and human workers. Instead of perceiving AI as a threat to jobs, it can be seen as a tool that simplifies or eliminates menial tasks, allowing humans to focus on more complex and creative endeavors.

AI’s ability to automate repetitive and mundane tasks can free up valuable time and energy for workers to engage in activities that require critical thinking, problem-solving, and interpersonal skills. This shift in focus can lead to increased job satisfaction and overall productivity.

While the survey results indicate varying perspectives among CEOs, it is important to note that not all business leaders disregard the positive impacts of AI. The complex nature of AI’s influence on the workforce necessitates ongoing discussions and consideration of different viewpoints.

Rather than completely dismissing the potential benefits of AI, it is crucial to strike a balance that leverages AI technology to augment human capabilities and create a positive and inclusive work environment.

As AI continues to evolve, finding the right harmony between AI and human workers will be a significant challenge that organizations and society must address. It is essential to deploy AI in a manner that embraces its potential while ensuring the well-being and success of the workforce.


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CEOWORLD magazine - Latest - CEO Journal - 42% of CEOs fear artificial intelligence (AI) could destroy humanity in 5-10 years
Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a publishing executive and economist who is the CEO and editor-in-chief of The CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Additionally, he serves as the chair of the advisory board for the CEOWORLD magazine. He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He earned his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.


Prof. Dr. Amarendra Bhushan Dhiraj is CEO and editor-in-chief of CEOWORLD magazine. You can follow him on LinkedIn, Facebook, Twitter.