{"id":53377,"date":"2023-08-26T17:22:25","date_gmt":"2023-08-26T21:22:25","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/could-generative-ai-do-a-ceos-job-heres-what-an-ivy-league-mba-professor-says\/"},"modified":"2023-08-26T17:22:29","modified_gmt":"2023-08-26T21:22:29","slug":"could-generative-ai-do-a-ceos-job-heres-what-an-ivy-league-mba-professor-says","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=53377","title":{"rendered":"Could generative AI do a CEO\u2019s job? Here\u2019s what an Ivy League MBA professor says."},"content":{"rendered":"
\n

While generative AI has the potential to enhance the work of a chief executive officer, it can\u2019t yet replace her entirely, says Oded Netzer, a professor at Columbia Business School.<\/p>\n

Generative AI, a term used to describe products like chatbots and certain image-generating platforms, can be defined as a tool that uses patterns and rules of training data to generate something new. This could be a new image, text or video that\u2019s created using the data entered into the system. <\/p>\n

\n

\u201cCan AI replace executives? Not yet,\u201d said Netzer. \u201cWhat we do really well as humans is connecting the dots. It\u2019s being able to synthesize information, bringing in information from different sources, and bring it into the context of what we are currently seeing.\u201d<\/p>\n

As an example, Netzer gives raw data of a company\u2019s performance over the past two years to his MBA students and asks them to summarize and provide a synthesis of the data. Then he asks ChatGPT to do the same. <\/p>\n

In the experiment, he finds that students and ChatGPT are similarly able to summarize the information in the chart. But when it comes to synthesis \u2014 which requires bringing in outside knowledge from different sources to provide a robust answer of what\u2019s going on with the company, and figure out next steps \u2014 students are able to provide a much stronger response, whereas ChatGPT falls short of bringing in information from various sources and figuring out the big questions.<\/p>\n

\u201cWhen I provide it to students, they truly go into synthesis: So what? What does it mean for us? Now what are we going to do about it?\u201d he said. \u201cThat\u2019s kind of the CEO question, and that\u2019s definitely in our domain.\u201d <\/p>\n

This, he says, is a noticeable limitation of the technology right now. He gives ChatGPT\u2019s response a grade of 6 out of 10 \u2014 meaning that it could currently pass his class at a low grade, but it \u201cdefinitely wouldn\u2019t be a good student.\u201d The demonstration is done using GPT 3.5, versus the current version, which is GPT-4. <\/p>\n

The latest hype around generative AI kicked off in November with the public release of ChatGPT, which reached 100 million users in just two months. Since then, the product has been used by the public for tasks as varied as writing a work email, creating travel itineraries and planning a date. <\/p>\n

But with its promise, there have also come a great number of challenges around privacy, security and the legality of it all. And new research shows the chatbot might actually be getting worse at basic math. <\/p>\n

Still, despite its shortcomings, business executives have promised it will unlock great potential for their companies, and mention of AI in earnings calls has gone up to record highs. The surge in companies talking about AI reflects Wall Street\u2019s optimism for the potential of generative-AI tools to boost efficiency across industries. <\/p>\n

Some tech executives, like Sam Altman, who\u2019s behind ChatGPT and its creator OpenAI, has warned about the tool\u2019s potential harms, and has pushed for regulation. And even before the public launch of ChatGPT, Elon Musk warned about how AI poses a potential threat to humanity. <\/p>\n

\u201cWe are [in the] very, very, very early stages\u201d of this new revolution of generative AI, Netzer said. \u201cDespite huge technological innovations over the last two, three decades, productivity did not increase. Productivity was actually pretty much plateaued. I think that tool is likely to break this plateau on productivity.\u201d<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

While generative AI has the potential to enhance the work of a chief executive officer, it can\u2019t yet replace her entirely, says Oded Netzer, a professor at Columbia Business School. Generative AI, a term used to describe products like chatbots and certain image-generating platforms, can be defined as a tool that uses patterns and rules […]<\/p>\n","protected":false},"author":1,"featured_media":53378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-53377","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nCould generative AI do a CEO\u2019s job? 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