Despite substantial investments in artificial intelligence, approximately 75% of companies report falling short of promised returns. The technology is becoming increasingly problematic, with rising project failure rates. However, tech executives are committed to further AI development and are even resorting to layoffs to manage costs. At a recent conference, billionaire Robert Smith asserted that a significant portion of attendees might replace human jobs with AI agents in the near future, predicting a substantial workforce shift and an increase in hyperproductive employees alongside others facing job insecurity.
Although hundreds of billions of dollars have been poured into AI development, nearly 75 percent of businesses have failed to deliver the return on investment promised to them.
We think that next year, 40 percent of the people at this conference will have an AI agent and the remaining 60 percent will be looking for work.
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