AI is currently really bad with business decisions. Like laughably so. There have been several small attempts, say letting an LLM manage a vending machine. I believe they’ve all flopped. Compare to performance in image creation/editing and programming performance (where, on measurables, they do relatively well). When an AI that could run a business OK exists, you should expect to see it happen.
CEO’s are paid so much primarily because the turn to paying them in stocks. This changed because of pay-caps for executives (so to compete for CEOS, companies offered stocks). The idea was that this would align their incentives with the shareholders. Unfortunately, this has lead to a lot of extremely short term company policy by CEOs, spiking stock value to cash out.
AI is currently really bad with business decisions. Like laughably so. There have been several small attempts, say letting an LLM manage a vending machine. I believe they’ve all flopped. Compare to performance in image creation/editing and programming performance (where, on measurables, they do relatively well). When an AI that could run a business OK exists, you should expect to see it happen.
CEO’s are paid so much primarily because the turn to paying them in stocks. This changed because of pay-caps for executives (so to compete for CEOS, companies offered stocks). The idea was that this would align their incentives with the shareholders. Unfortunately, this has lead to a lot of extremely short term company policy by CEOs, spiking stock value to cash out.