According to data from Forbes, 64% of companies believe that artificial intelligence can increase efficiency. However, many workers are concerned that the proliferation of AI could reduce current job opportunities. Ted Pick, CEO and Chairman of the Board of Morgan Stanley, sees artificial intelligence as a useful tool to handle routine tasks. Similarly, Adena Friedman, CEO of Nasdaq, highlights one of the biggest advantages of AI as taking on repetitive or boring tasks.

Artificial intelligence has become a crucial technological tool that many companies are considering using in the coming years. Data from Forbes shows that 64% of companies believe that AI can increase efficiency. While Pick acknowledges AI’s ability to streamline repetitive tasks like note-taking, he emphasizes that the human factor, which is fundamental to the business world, will not change.

Even though AI may make daily tasks easier and faster, Pick stresses that a significant part of his work focuses on relationship management. Friedman echoes this sentiment, mentioning that AI can tackle tasks like writing reports or offering investment recommendations, saving time and enabling technology to handle repetitive work.

Predicting a more pessimistic future, economist Nouriel Roubini suggests that AI’s rapid growth may render job opportunities inadequate with time. Roubini argues that AI’s integration of software and hardware can easily replace both blue and white-collar jobs, especially as AI’s learning capacity deepens. He predicts that within the next couple of years, this transformation will accelerate, marking a significant revolution even greater than generative AI.