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Home » Is AI out of control? The CEO of Hpe says it is pending.
AI in Finance

Is AI out of control? The CEO of Hpe says it is pending.

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Davos, Switzerland – from top to bottom of the promenade World Economic Forum This week, leaders agree on a point concerning artificial intelligence.

It is damn powerful and begins to have a significant impact on the way in which business is carried out and will be carried out – think of AI about to make human call centers and HR services obsolete.

What the leaders fail to agree on is if AI is already out of control and beyond the point of being successfully regulated or having appropriate safeguards.

“I am not sure that the AI ​​is out of control,” said Antonio Neri, CEO of Hpe, at Yahoo Finance during the annual gathering of the main business leaders. “I think there are cases of use that sometimes people want to present (for) … their own advantages, to see, hey, that’s the potential. But the reality is that companies are very intelligent. “

“They have a very responsible approach to what they do first, because they must understand the return on investment of this technology.”

Another Big Tech leader with whom I discussed said that AI already escaped regulations. “It could be legislated and not regulated,” the director told me.

Technology is the most uncontrollable in social media societies such as Meta (Meta) and risks harming society, joked the executive.

Another high -ranking industrial CEO told me that AI had become too powerful and that companies had to think in depth in the way of integrating guarantees for end users.

Whatever the side of the barrier, it is clear that AI is starting to invade the offices with the bulldozer. And perhaps the situation becomes uncontrollable when leaders are looking for cost savings favorable to investors and automatize subordinate tasks.

The World Economic Forum new report on the future of employment Projects which, by 2030, AI and other information processing technologies will transform 86 % of companies. Even if it could trigger the creation of 170 million new jobs worldwide, the report said that 92 million existing jobs will disappear.

The WEF questioned 1,000 companies in 22 sectors and 55 savings.

The famous economist Nouriel Roubini said on Yahoo Finance’s opening offer podcast That many human jobs will soon be replaced by humanoid robots.

For Hpe, its financial results continue to please the street despite the strangers of its awaiting an agreement with Juniper.

The company has announced financial results for the fourth quarter in accordance with analysts’ estimates. The demand for servers was strong when the development of the IA infrastructure continued. Two of the three main segments of the company recorded an increase in their operating margin during the quarter.

HPE actions resisted the relative weakness of the names of the “Magnificent Seven”, such as Nvidia (Nvda) and Amazon (Amzn), to start the year, up around 14%. The composite nasdaq, with a strong technological component (^Ixic) has increased by 2 % since the start of the year.

The reason for the outperformance of the HPE action should not surprise anyone: I hope.

Neri said: “I believe in potential, but we have to discover this potential in things that make the company progress or solve certain societal challenges. And then, from the consumer’s point of view, it’s up to you to decide to what extent you want to consume. “

–

Brian Sozzi is the editor -in -chief of Yahoo Finance. Follow Sozzi on x @Briansozzi,, Instagram and on Linkedin. Advice on stories? Send an e-mail to brian.sozzi@yahofinance.com.

Read the latest news and interviews with World Economic Forum in Davos, Switzerland::

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