NEW YORK—Expressing confidence that the new technology wasn’t a threat, FinCorp Solutions CEO Charles Markham reportedly expressed relief Wednesday that artificial intelligence could never replace him if he already contributed nothing to the company. “I actually don’t do anything, so there’s nothing the computer can…
I mean there’s also just the sheer financial savings of not having to pay an exorbitant CEO salary and package as well. That’s massive savings, and the company gets an office back to give to someone who needs it. There’s seriously no downsides for boards of directors to keep replacing CEOs with algorithms.
I can’t imagine “AI CEO” is free. Assuming there is a cost parallel of salary to AI subscription. The savings is in the risk/lawsuits etc.
I was imagining a one-off cost, but you’ve very likely right in that any software like this will be subscription-based. I guess my point still stands RE: salary package - while the base salary might end up being similar, you don’t have to pay an AI bonuses or any other tax avoidance crap like a company car etc.