However, AI is not without its flaws, including potential biases in the data they're trained on. Some companies, like Polish drinks maker Dictador, have already appointed AI as CEOs, but the effectiveness and efficiency of such a move remain to be seen. Despite these uncertainties, the financial incentive to replace high-salaried executives with AI could drive more companies to consider this option.
Key takeaways:
- There is a growing case for replacing CEOs with AI, with many employees reportedly fine with not having a human boss post-COVID.
- While AI may not be able to replace the leadership aspect of a CEO's role, it could potentially handle the data-driven decision-making part more efficiently and without personal bias.
- In a survey, 43% of business leaders believed that an AI could take over their jobs, and 45% admitted they were already making major business decisions with AI tools like ChatGPT.
- Despite the potential benefits, AI systems are still flawed and can be as biased as the data they're trained on.