The current technology industry buzzword is AI, or artificial intelligence. While AI has advantages in a number of circumstances, it also has disadvantages. The world’s leading technologists share this opinion. Top tech executives, including Elon Musk, the CEO of Tesla and Twitter, are concerned about artificial intelligence consuming humans as a result of its development. 42 percent of CEOs believe AI will eventually replace humans, according to the most recent CNN study, which was conducted earlier this week at the Yale CEO Summit.

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According to the survey, 42 percent of CEOs and wealthy businessmen think AI could “destroy humanity five to ten years from now.” According to reports, 119 CEOs from a variety of companies, including Walmart, Coca-Cola, Xerox, Zoom, and many more, participated in the study. Yale professor Jeffrey Sonnenfeld described the startling results as “pretty dark and alarming.”

According to the report, over 34% of CEOs believed that AI might potentially wipe out mankind in ten years, while only 8% believed it could happen in as little as five. A solace was provided by the roughly 58 percent of CEOs who claimed that AI will never replace people and that they are “not worried.”

Weeks after prominent tech entrepreneurs like Elon Musk and even the founder of OpenAI warned about the dangers of AI, the findings have just now come to light. A statement warning of the “extinction” risk from AI was just recently signed by a number of luminaries in the AI business. Sam Altman, the founder of ChatGPT, Geoffrey Hinton, known as the “godfather of AI,” Elon Musk, and numerous other top Google and Microsoft officials all signed the declaration. These IT pioneers argued that society must take precautions to protect itself from the risks posed by AI. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” the statement said. In fact, Musk warned in one of his tweets that the AI war would soon put an end to humanity while the world was going crazy over ChatGPT. It seems he wasn’t joking at the time. Particularly now that Musk has signed an open letter calling for a six-month moratorium on the development of AI systems.

In fact, OpenAI CEO Altman recently claimed that AI might eventually displace some employment while on a visit to India. Although’some jobs’ may be eliminated by AI, new ones will also be created, he said. “Every tech revolution leads to job change,” Altman responded when asked if AI would result in job losses. We are capable of adjusting to any degree of labour market change in two generations, and new occupations are frequently better. This place will experience the same thing. There will be some employment losses. There will be difficult-to-imagine new, better employment in the future.

While many corporate leaders argue the risks of artificial intelligence, some disagree and think it improves workplace productivity and other areas. The CEOs who participated in the poll said that healthcare, professional services/IT, and media/digital are the three primary industries where AI would have the most profound effects.

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