1 in 4 CEOs plans to replace workers with AI
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A recent study shows that 25% of CEOs plan to reduce their workforce by at least 5% due to the rise of generative AI. The study presented at the World Economic Forum in Davos, Switzerland was conducted by PricewaterhouseCoopers International Limited. It highlights the growing trend of replacing human employees with artificial intelligence for cost-saving reasons. The International Monetary Fund (IMF) cautions that nearly 40% of jobs worldwide could be impacted by AI advancements.