July 21, 2024

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Will A.I. really replace your job?

2 min read

Will A.I. really replace your job? CEOs don’t seem to think so. 

“I talk to a lot of CEOs, and I’ve learned very quickly that they are not thinking of AI replacing us—I can say that with full authority,” said Ronnie Sheth, CEO of SENEN GROUP, an Austin, Texas-based strategic advisory firm whose bread and butter is helping companies unlock and integrate AI into their workflows. Sheth spoke with Fortune about the perils and potential of AI implementation during an interview at London Tech Week earlier this month.

The fear and speculation of AI snapping up jobs has crept into every industry. Amazon has recently laid off over a hundred customer service workers, Fortune’s Jason Del Rey reported, part of its continual effort to trim costs and invest in automation. New reports from the New York Times and from Citigroup both caution entry-level bankers and financiers about their risk of replacement, and just last month, Sinovation Ventures CEO Kai-Fu Lee said he anticipates AI will replace 50% of human jobs in the next decade. 

But individual CEOs might remain wary, Sheth said. She name-checked a large construction firm that’s a SENEN client. “I just talked to their CEO who’s—obviously, as a construction leader—thinking about robots, and AI algorithms that could be used to do some of the menial tasks on the ground.” The boss wasn’t sold, she said. “A lot of workers were asking him whether AI would affect their jobs. He told them, ‘No, but it is going to increase your safety.’ That’s how CEOs are thinking about this differently. And that’s the right way to think about it.” 

Perhaps that’s cold comfort to the CEOs who are getting nervous about their own utility, and whether they themselves might one day be replaced. Sheth’s not worried there, either—at least not for the effective leaders.

“As CEO, my job is to do a few things,” Sheth said. “Manage culture. Lead the company in a direction where it…

Jane Thier

2024-06-23 07:21:00

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