AI, robotics, and generative AI put us at an interesting intersection of humans and machines in the role of CEO.
I’ve been following the development of Hanson Robotics’ Sophia. Her evolution continues to give perspective on what will happen to her CEO leadership roles in the future given to machines and humans.
Dictador announces hiring the world’s first AI robot as CEO A contract with the world’s first AI CEO robot was signed on August 30, 2022, marking the formal start of a career at Dictador. The AI-infused humanoid robot is called Mika and is the official face of Dictador, the world’s most advanced luxury rum company. The move demonstrates the company’s position as one of the world’s most forward-thinking and thought-leading organizations. It highlights the brand’s passion for innovation and marks the beginning of the machine in its corporate governance role. Mika is the first her CEO female robot to be an official board member on behalf of Dictator, the Art House Her Spirits DAO project and her DAO community in charge of communication.
Pepperdine University Professor Daniel Langer said:
“What impresses me most is that Dictator’s vision of influencing the future knows no limits to imagination and value creation. After years of hard work, the new effort highlights a push into the future: “CEO of the world’s first AI-powered robot. We can inspire a new generation of high-end customers who are native, young and trend-setting.”
What lies ahead?
Economists have been actively studying long-term trends in the adoption of automation in the workplace, with the number of robots in use worldwide tripling over the past 20 years to 2.25 million. I’m paying attention to Researchers predict the rise of robots will bring benefits in terms of productivity and economic growth, but the impact of job losses will be very severe for experts and emerging CEO robots. is known.
There’s even a site tracking opinions on whether a robot should take over my CEO role. This is not the near future, but it is becoming a reality, and the accelerating power of generative AI and the Singularity means that the role of CEO will evolve as well.
You may remember that Alibaba CEO Jack Ma predicted that robots would be just a few decades away from taking over the organisation. He predicted that by 2047 there will be a robot CEO on the cover of Time magazine. In March 2023, artificial robot Tang Yu was appointed as his CEO of his NetDragon Websoft company, so this prediction may be an understatement. The business outperformed the Hong Kong stock market, and the stock market value also rose significantly.
Advances in AI and robotics continue to evolve rapidly, but the decision to appoint a robot as CEO involves complex legal, ethical, and practical considerations.
The introduction of CEO robots requires changes in the regulatory framework, social acceptance, and technological advances. In addition, corporate governance structures and shareholder expectations must also respond to such dramatic changes.
CEOs now play a key role in decision-making, leadership and strategic direction, and these involve human qualities such as intuition, emotional intelligence, and complex judgment. will probably be one of the last jobs. From my point of view, it’s a risk.
But I believe there is potential for a co-CEO role to emerge. A human CEO leads the organization, and every decision is reviewed by the co-CEO, her AI BOT, analyzing every move, communication, decision, impact, and execution of a forecast scenario. Success or failure is probabilistic, so don’t be too surprised when COO – cobots, CFO cobots, CHRO – cobots, CEO – cobots start popping up. Some countries already have AI boards.
At SalesChoice Inc., we’ve already learned that customized AI models based on large datasets can predict sales forecasts and outcomes more accurately than sales managers. So when AI gives a predictive score for revenue, CROs become even more confident. These approaches are already being embraced by sales organizations, so just think what will happen in 2024 when tech giants invest in AI at a 10x acceleration.
Also, when I searched on ChatGPT for CEO responsibilities regarding AI governance, it said: I would rate this as a very solid answer. I also think CEOs can take a step back and assess themselves for AI leadership in the following areas:
- Setting Vision and Strategy: The CEO is responsible for setting the overall vision and strategy for AI adoption and governance within the organization. Define the strategic objectives and goals of your AI initiative and ensure alignment with your company’s mission, values and long-term business strategy. The CEO’s leadership sets the tone and direction of AI governance efforts.
- Ensuring Ethical and Responsible Use of AI: CEOs play a pivotal role in promoting the ethical and responsible use of AI. They establish policies and guidelines governing the ethical and responsible development, deployment, and use of AI technology within an organization. The CEO ensures that AI systems and algorithms are designed to respect privacy, data protection, fairness, and comply with relevant regulations and industry standards.
- Resource Allocation: CEOs are responsible for allocating necessary resources, such as money, people, and infrastructure, to AI and governance efforts. These will ensure that sufficient resources are allocated for AI governance activities, including robust data management practices, security measures, and continuous monitoring and evaluation of AI system performance and impact.
- Foster an AI-ready culture: CEOs play a key role in fostering a culture that embraces AI and its governance. They promote awareness and understanding of AI technology and its potential benefits and risks across the organization. The CEO encourages a culture of continuous learning, in which employees are encouraged to acquire AI-related skills and participate in AI governance training programs.
- Cooperation with stakeholders: The CEO works with various stakeholders such as the board, management team, employees, customers, and external partners to ensure effective AI governance. Facilitate collaboration between various departments and teams to establish a cross-functional governance her framework to ensure AI efforts align with organizational goals and values. The CEO also works with external stakeholders, such as regulators and industry associations, to contribute to the development of responsible AI practices and standards.
- Risk management and accountability: CEOs are ultimately responsible for risks related to AI adoption and governance. They work with management and relevant departments to identify potential risks and establish risk management strategies. The CEO ensures that mechanisms are in place to monitor and address risks related to data privacy, security breaches, algorithmic bias, and unintended consequences of AI systems.
- Promoting transparency and trust: CEOs play a key role in promoting transparency and trust in their organization’s AI efforts. They communicate an organization’s AI governance practices and progress to internal and external stakeholders, including employees, customers, investors, and the public. The CEO establishes mechanisms for soliciting feedback, addressing concerns, and maintaining transparency in the AI decision-making process.
- Monitoring and evaluation: The CEO oversees the oversight and evaluation of AI initiatives and governance frameworks to ensure their effectiveness and alignment with organizational goals. They establish key performance indicators (KPIs) and metrics to assess the impact of AI on business outcomes, ethical considerations, and customer satisfaction. CEOs use these insights to guide decision-making, course correction, and continuous improvement in AI governance.
Conclusion:
In summary, the CEO should set vision and strategy, promote ethical and responsible use of AI, allocate resources, create an AI-ready culture, collaborate with stakeholders, manage risk, and promote transparency and trust. , through monitoring, play a pivotal role in AI governance. Evaluate AI efforts. Their leadership and commitment to responsible AI governance will help drive the organization’s AI adoption, ensure alignment with ethical principles, regulatory requirements, and ensure long-term business success.
But while this makes business sense, a closer look reveals that too many CEOs are giving CIO/CTO oversight over AI governance, resulting in deeper leadership and learning across departments. Not as mature as possible.
We are entering a world where strong digital and AI literacy and advanced statistical and data management skills must be firmly in place for all leaders at the helm of an organization.
Data is new oxygen, not new fuel or oil. We all know that you need clean data to innovate and sustain your business model.
If we, as humans, fail to do this right, more and more collaborative robots will take an increasingly strong position as smart CFOs, COOs, etc… I will continue my research in these areas and look forward to the next The article discusses AI taking over the role of the board of directors. Experiments are underway in various countries to see how far AI can go.
Until more regulations and laws are put in place, AI innovators are pushing the envelope as much as possible, investors continue to flock to the field of AI, especially generative AI, despite all warnings, and humanity is We continue to struggle to build accountability and trust. AI practice.
What kind of world do we want to create?
research:
Chat GPT
Company appoints robot as CEO
Video: Microsoft CEO’s take on the changing tech scene
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