"Robinhood CEO Vlad Tenev told David Rubenstein this week on Bloomberg Wealth that the race to implement AI in business is a "huge platform shift" comparable to the mobile and cloud transformations in the mid-2000s, but "perhaps bigger." "In the same way that every company became a technology company, I think that every company will become an AI company," he explained. "But that will happen at an even more accelerated rate.""
""I think there will always be a human element to it," he added. "I don't think there's going to be a future where AI just does all of your thinking, all of your financial planning, all the strategizing for you. It'll be a helpful assistant to a trader and also to your broader financial life. But I think the humans will ultimately be calling the shots.""
Businesses are investing billions in artificial intelligence to adapt to a rapidly changing technology that transforms operations and competitiveness. Industry leaders describe AI as a huge platform shift comparable to mobile and cloud, with the potential to make every company an AI company at an accelerated pace. AI will serve as a helpful assistant in tasks like trading and financial planning while humans continue making final decisions. The rise of AI will alter jobs and requires people to become AI-native quickly to avoid being left behind. AI also enables faster scaling and could empower more single-person companies.
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