Marc Benioff, co-founder and CEO of Salesforce (CRM), said that while many good things will come from generative AI, there will probably be some not-so-good things as well. He acknowledges the need to have discussions with world leaders.
“I think AI should almost be a human right,” Benioff said Wednesday on Yahoo Finance Live at the World Economic Forum (WEF) in Davos, Switzerland. “I've actually been saying for decades that AI can create inequality. It can also create equality.”
At this year's annual WEF gathering of top leaders, the pros and cons of AI were a hot topic of conversation. Much of the discussion has centered on the impact of AI on the labor market and its potential to increase inequality.
About 40% of global jobs are exposed to AI, according to a new report from the International Monetary Fund (IMF). In developed countries, approximately 60% of jobs are exposed to AI due to the prevalence of “cognitive task” oriented jobs.
According to the IMF, the overall exposure is 40% in emerging markets and 26% in low-income countries.
While AI-related disruption may be less pressing in many emerging market and developing economies, the IMF reasons that these countries are also ready to take advantage of the benefits of AI. This could “exacerbate” the “digital divide” and “cross-national income inequality,” the study concluded.
IMF Managing Director Kristalina Georgieva told Yahoo Finance Live that older workers could experience significant impacts from the spread of AI and may need stronger social safety nets. Told.
“I think AI is going to change a lot of what we do. Like almost every technology that comes out, I think it's going to largely displace some people's jobs,” said Co-founder of Cloudflare (NET) and CEO Matthew Prince told Yahoo Finance Live.
But other prominent leaders have stopped short of publicly proclaiming the doom and gloom caused by AI.
“We've found that this is a real productivity boost,” Microsoft co-founder Bill Gates told Yahoo Finance Live in an exclusive interview Monday in Davos, Switzerland.
“Likewise, for programmers, we're seeing a 40%, 50% increase in productivity, which means they can get their programs out there,” Gates added. [done] as soon as you can. You can make it better with higher quality. So primarily what we see is white-collar productivity. [workers] It's going up. ”
Brian Sozzi I'm the executive editor of Yahoo Finance. Follow Sozzi on Twitter/X @BrianSozzi And even more linkedin. Have a tip about a deal, merger, activist situation, or more? Email email@example.com.
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