Name: CEOs on How AI Is Already Changing Everything
Uploaded: 2024-12-10
Duration: 7 min 27 s
Description: Artificial intelligence is reshaping the business landscape, and Fortune 500 CEOs are taking notice. At Fortune Global Forum, industry leaders shared their insights on how AI is already transforming the workforce and various sectors. From hiring to health care, this rapidly evolving tech is sparking both excitement and concern among executives.

Artificial intelligence is reshaping the business landscape, and Fortune 500 CEOs are taking notice. At Fortune Global Forum, industry leaders shared their insights on how AI is already transforming the workforce and various sectors. From hiring to health care, this rapidly evolving tech is sparking both excitement and concern among executives.

CEOs on How AI Is Already Changing Everything

Tech

Artificial intelligence is reshaping the business landscape, and Fortune 500 CEOs are taking notice. At Fortune Global Forum, industry leaders shared their insights on how AI is already transforming the workforce and various sectors.

At Fortune Global Forum, industry leaders shared their insights on how AI is already transforming the workforce and various sectors.

Right now, it's hard for a doctor to use generative A I as part of their diagnosing because they're not allowed to in most places in two years, we believe it'll be malpractice not to use generative A I. That's a massive shift. Artificial intelligence is reshaping the business landscape and Fortune 500 ceos are taking notice A I is sort of like at least 80% likely to be beneficial from health care to job searching A I is revolutionizing industries and sparking both excitement and fear. It's even being used to help write this video intro, but fear not. There is a real human speaking and crafting this story for you at least for now. So how will A I truly impact the workforce? Will it lead to significant job losses or open the door to unprecedented innovation? CEO S woke up 18 months ago that this is real. They woke up to 18 months ago. This is real. At the same time, I think they're extraordinarily frustrated by the lack of return on investment they've gotten so far. But I think they're starting to see these autonomous agents as a mechanism to begin to rewire and rethink and reimagine their business. At this year's Fortune Global Forum, we asked executives to weigh in on a I's transformative power and share their visions for a future where humans and machines work side by side. So you don't expect to see significant job losses as a result of A I. No, not significantly. I actually think what will happen is people will rise to the opportunity, they'll spend their time more productively and there will be many, many, many more opportunities for how people can contribute to society as a whole. One of the biggest forces that is impacting the world of work is going to be A I. And I think that I don't need to actually give any advice to Gen Z that they should be thinking about this and on the forefront of it, they will naturally be the ones who are embracing it because they're the ones who have been, especially the ones just entering the workforce right now. They've been using it in school, they were using it to apply to jobs. They're going to be extraordinarily comfortable when someone asked them to use it at work. So I think actually I would want to give advice maybe to Gen Xers like myself or beyond to be open to the fact that the world of work is going to change pretty radically and being open to and actually embracing A I as opposed to being afraid of it is going to be incredibly important for the decade to come as artificial intelligence emerges at the forefront of corporate strategy, companies are racing to harness its potential to gain a competitive edge in their respective industries. Hiring talent with an A I focus has become a bigger goal and challenge while she companies battle it out to secure talent. How will A I change the landscape of hiring? When um I talked to a lot of executives on what the recruiting experience is like for them when they'd make career transitions. And they talk about this very white love surface of having uh a great connection with the recruiter and having a person who's kind of really out there to look after them during their career transition. And then you talk to people who are beginning their career and it's a very different experience where they talk about the job seeker black hole where they apply to companies and they don't know what's going on and they don't know why their applications aren't getting through. Every single worker in the world shall have their own personal talent agent. If you think about how a talent agent works for uh athletes and for, for musicians, that is someone who understands everything about you about the market and who works tirelessly on your behalf. This is one of the things that generative A I can actually bring salesforce reports that one in five workers are quote unquote underground A I users who keep their A I secret from co workers to gain a competitive advantage. Meanwhile, others say A I tools have slowed down their productivity in the workplace and in the future, you'll find that employees will be in a position where they can be much more in charge of the ideas. Be a part of the creativity that takes place, no matter what role they have, you can be in a production line. If the production line becomes more automated, there'd be an opportunity for that employee to be in a position of all of the automation right now. What we are doing uh is still use a combination of human people and generate A I. Um And we call our generate A I CO ploting because we still do not let A I make decisions. I think A I can, can help our staff with the, with the job, but the decision itself has to be with someone because it's very difficult to manage a company at this point. If something goes wrong, we cannot find out who should take the responsibility. Is a, we are not there yet beyond the white-collar workforce A I is also disrupting more human industries like healthcare. The Association of American Medical Colleges projects, a shortage of up to 86,000 doctors in the US by 2036 exacerbating the country's already poor health care rankings globally. Two health care leaders break down how A I can help fill this gap. I had an opportunity recently to watch as we were watching a generative A I application take a Jama case. So a very complex medical case, it diagnosed that case in seconds. It was unbelievable. It really showed the capability that will be there. If you think about the undersupply of physicians that everyone's been worried about. I think we can take that issue away. I think if you think about rural America and rural communities across the globe, they've been dramatically underserved. But with an A I application, you can start to bring technologies to places that have been underserved and actually create a much better or equitable environment in those places. So I understand people's fear every new technology generates fear, but we will have to together learn and advance this technology using the right regulation to make sure we do this appropriately. Putting all of the information we have at the fingertips of every clinician is a net positive for the world and something we have to figure out how to do in the most safe and productive way. I want to have A I for clinical. That is what we're all about. And so I'll give you an example. You go get a lab value. Usually you have to wait for your lab values, your physician has to see it and then you might get an interaction well with our patients with A I. And when the interaction we have with all of their treatments, we can do an algorithm that actually adjusts and customizes because your reaction to a medication might be slightly different than mine, the medicine might react more so you can have a lower dosage. I might need a higher dosage as an example. While A I is already revolutionized in the workplace, the leaders we talked to were clear that there's still a need for human oversight and decision making. They also said that they can see A I as a tool that can help workers rather than replace them. Our advice to people is to welcome the opportunity to embrace how A I might help them in their jobs. As we've been saying for some time now A I is not going to take your job, but someone who uses A I will.