AI will 'change significantly' the business of work: HP CEO

6 просмотров

On this jobs report Friday, we are reminded that many of the jobs created last month may not even exist a decade from now as generative AI takes hold in businesses large and small.

Or at least this writer is thinking along those dreary lines.

HP Inc. (HPQ) CEO Enrique Lores told Yahoo Finance Live that workers should be prepared for disruption.

Number crunchers at Goldman Sachs think the job market will be borderline shocked by the advances in AI.

Generative AI could expose the equivalent of 300 million jobs globally to automation over the next decade, the investment bank estimated in a recent piece of research. That's a nice way of saying a person may lose their job to a robot.

A robot interacts with his human controller during the International Conference on Robotics and Automation ICRA in London, Tuesday, May 30, 2023. The 2023 ICRA brings together the world's top academics, researchers, and industry representatives to show the newest developments. (AP Photo/Frank Augstein)
A robot interacts with his human controller during the International Conference on Robotics and Automation ICRA in London, Tuesday, May 30, 2023. (AP Photo/Frank Augstein)

The upshot is that more robots doing tasks should boost the productivity of businesses and, by extension, the economy. After all, robots don't need time off.

Goldman predicts US labor productivity will grow by 1.5% over a 10-year period following the widespread adoption of generative AI. AI could also eventually increase the annual global Gross Domestic Product (GDP) by 7%.

"Despite significant uncertainty around the potential of generative AI, its ability to generate content that is indistinguishable from human-created output and to break down communication barriers between humans and machines reflects a major advancement with potentially large macroeconomic effects," said Jan Hatzius, the report's lead author and Goldman chief economist.

This content is not available due to your privacy preferences.
Update your settings here to see it.

As for HP, AI will naturally change how the company goes about creating, manufacturing, and selling PCs and printers. More robots — and perhaps a faster pace of innovation — done more profitably.

Lores also thinks new high-powered computer chips that support new AI will require a major PC reset, beginning in earnest in 2024.

"I think we all will have to learn the new technology," Lores said. "We'll have to be proficient at it because this will be the only way to continue to add value and to create value. And this is true at all levels of the company. I will have to learn. You will have to learn it."

Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Tips on the banking crisis? Email

Read the latest financial and business news from Yahoo Finance

Поделись своим мнением

ООО "Профинансы ИТ решения"
Юридический адрес: 123112, Российская Федерация, г. Москва, Пресненская набережная, д.12, этаж 82, офис 405, помещение 4
ОГРН: 1227700402522
ИНН: 9703096398
КПП: 770301001
Расчётный счет 40702810710001115701
Корреспондентский счет 30101810145250000974
БИК банка 044525974
Информация на данном сайте представлена исключительно для ознакомления и самостоятельного анализа инвестором. Не является индивидуальной инвестиционной рекомендацией. Не является рекламой ценных бумаг определенных компаний. Графики стоимости ценных бумаг отражают историческую динамику цены и не могут быть гарантией доходности в будущем. Прошлые результаты инвестиционной деятельности не гарантируют доходность в будущем. Числовые показатели взяты из официальных финансовых отчетов представленных компаний. ООО «ПРОФИНАНСЫ ИТ РЕШЕНИЯ» не несет ответственности за возможные убытки инвестора в случае использования представленной на сайте информации в своей инвестиционной стратегии, покупки и продажи указанных на сайте ценных бумаг.