Business leaders including Warren Buffett, Mark Cuban, Jamie Dimon, and others have weighed-in on the impact of generative AI in 2024, with some hailing it as transformative while others express concern. According to a McKinsey survey, nearly two-thirds of organizations are now using gen AI for tasks such as automating customer service and streamlining operations.
The economic impact of AI is expected to be substantial, with Goldman Sachs estimating a potential boost to global GDP by $7 trillion over the next decade. However, some business leaders warn that AI’s development is entering a slower phase, with significant breakthroughs requiring deeper innovation.
Jamie Dimon, JPMorgan Chase CEO, described AI’s potential impact as “extraordinary and possibly transformational” comparable to major technological inventions such as the internet and printing press. Bill Gates also noted that AI will change how we live our lives online and off.
However, Google CEO Sundar Pichai cautioned that while current language learning models are improving, another seismic shift isn’t likely to happen soon. Microsoft CEO Satya Nadella emphasized the need for patience and innovation as AI progresses.
Berkshire Hathaway CEO Warren Buffett likened AI to a powerful “genie” that can never be fully contained, citing concerns over its potential for scams. Billionaire investor Mark Cuban expressed skepticism about AI’s adaptability but emphasized the importance of U.S. investment in the technology to maintain global stability and military dominance.
The comments from these business leaders underscore the ongoing debate surrounding the benefits and risks of generative AI in 2024.
Source: https://www.cnbc.com/2024/12/30/what-mark-cuban-warren-buffett-jamie-dimon-say-about-ai.html