25 Percent of CEOs Plan to Replace Human Workers With AI This Year

The World Economic Forum’s annual meeting in Davos, Switzerland, and a survey of CEOs revealed that a quarter of CEOs intend to cut their headcounts by at least five percent “due to generative AI,” as per a press release from PwC.

The head of the International Monetary Fund has warned based on the organization’s analysis that nearly 40 percent of jobs globally could be affected by the rise of AI, and that AI will likely worsen overall inequality.

CEOs are pushing forward on AI despite evidence showing that generative AI as it stands today often outputs nonsensical, plagiarized, and shoddy work, believed to be “disruptive” by business leaders.