Writers, Directors, Actors, Producers, And Production Busy Work? This Why Disney, Paramount, Universal and others are spending Billions buying Ai Companies? Hmmmm...Streamlining their companies so that they can be more profitable? The Ai Revolution is here! Good, Bad, Ugly? Thoughts?
Victor Lazarte, a general partner at Benchmark, said AI is "fully replacing people."
He said two white-collar professionals should be very nervous: lawyers and recruiters.
Lazarte also said companies would become "more valuable" and much smaller.
"Big companies talk about, like, 'AI isn't replacing people, it's augmenting them,'" said Victor Lazarte, a general partner at Benchmark — the venture capital firm that has backed big names including Uber, Asana, Snap, and WeWork.
"This is bullshit. It's fully replacing people," he added.
Lazarte said on an episode of the "Twenty Minute VC" podcast published Monday that two professions should be especially nervous about AI: lawyers and recruiters.
He said law school students should think about what they could do three years from now that AI could not.
"There's not going to be that many things," he said.
Fresh associates often do law's grunt work, and the legal tech industry is buzzing about how AI could cut down busywork.
Lazarte also said AI models would soon be better than people at interviewing candidates — and far more efficient than companies' messy, manual hiring processes.
Smaller teams, bigger profits?
While AI may be coming for jobs, Lazarte said it was also going to supercharge companies.
With costs slashed and productivity soaring, he said, companies will become more valuable — and much smaller.
"You're going to have these trillion-dollar companies being done by very small teams," he said. "People that own shares will get richer, founders will get way richer."
But he warned that the rise of ultra-lean, AI-powered businesses could be a double-edged sword.
It could also be a "very destabilizing force," Lazarte said, adding that these AI-powered businesses could unlock massive value for society but also risk deepening inequality.
And Lazarte doesn't think AI's influence will stop at the office.
"Pretty soon we're going to have an app that just tells us what to do all day — and we're going to love it," he said. "We'll be obedient to machines."
Link:
https://www.msn.com/en-us/money/companies/a-tech-investor-says-ai-is-alr...
