"Corporate executives have become giddy at the thought of automating their workforces, boasting about supposed productivity gains as they lay off human workers, who now face one of the worst job markets in recent history. Even in departments where AI can't easily replace human labor, execs have used AI as a cudgel to drive down wages, slow hiring, and raise productive quotas."
"At the moment, she told Axios, CEOs are "beyond obsessed" with AI, but growing increasingly frustrated as the software fails to increase revenue. "AI, at the enterprise level, is hard. I am talking to CEOs almost every day. Their frustration is mostly about: how do I move my organization fast enough?" Sweet told the publication. "They recognize it's less about the technology, and more about the willingness to truly reinvent the work, the workforce.""
CEOs across the US are highly eager to deploy AI to cut overhead and reshape workforces. Executives are using AI to justify layoffs, lower wages, slow hiring, and raise productivity quotas even where AI cannot replace human labor. Many leaders tout productivity gains while actual revenue increases frequently fail to materialize. Enterprise AI implementation proves difficult, producing frustration as deployments do not quickly translate into higher revenue. Present-day AI software is failing to generate revenue at roughly 95 percent of companies attempting integration. Massive investment and rapid deployment risk economic disruption for workers without delivering promised returns.
Read at Futurism
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