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by nocsi
520 days ago
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These same CEOs still don't realize that AI is very suited to replacing executive roles and outperforms your average CEO in every aspect without the human downsides. Shareholders would be way more interested in having a static board of AIs running public companies than replacing lowly workers that frankly will always be relatively cheap. On the same coin, a lot of government can probably be performed by AI as well. Reminds me The Matrix where humanity delegates all governance to AI/machines |
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The typical CEO of a F500 company makes $17.7 million compensation. That might seem like a lot, but it's only about 0.04% of the average F500 revenue, which is $42 billion.
On the other hand, the average F500 has about 65000 employees and payroll expenses can easily be upwards of $5 billion. About 300 times as much money is spent on employees than on the CEO!