Coca-Cola CEO James Quincey and former Walmart CEO Doug McMillon have told CNBC that the next wave of artificial intelligence is a reason for their departures.
Both CEOs said they believed their companies needed someone with new energy and understanding of AI to helm the companies’ futures.
The bubble grows.
TheCoinMann on
“I wasn’t a bad CEO even though I got forced out & here’s why”
Saerdna0 on
Basically what’s being said is that two major CEOs, Coca-Cola’s James Quincey and Walmart’s Doug McMillon stepped down partly because they felt AI-driven transformation needed younger, faster leaders to finish what they started
Leather_Egg2096 on
We started this avalanche and now we’d like to move out of the way.
uRtrds on
They getting their big payouts btw
voiderest on
Crazy that these dudes will blame their own resignation/firing on AI too.
Stanjoly2 on
Reads a lot like rats jumping a ship expected to start sinking to me.
swattwenty on
This is basically the rats fleeing the ship before it goes down due to the AI bubble.
Jumping-Gazelle on
The reasoning:
When you think of Coca Cola, you think of bubbles. When you think of bubbles, you think of AI. When you think of AI then… what does it think actually? Computer said „no“. Why? Because computer said so.
creaturefeature16 on
This period will be known as „The Great Hallucination“
xParesh on
I’m not convinced on the whole AI taking over but I do my bit to boycott and avoid any company that uses AI
The way I say see it, I’d rather spend my money with organisations that hire human beings that need to eat, raise kids and have bills and rent to pay.
If any company starts cutting out human beings from the workforce then I cut them out of my spending.
CreativeFraud on
Wake me up, when this bullshit ends.
alnarra_1 on
The rats are starting to flee the sinking ships
Few_Fish8771 on
ai is great if you understand its use cases, its abilities, it limitations, and also that there are multiple types of ai and they have different strengths. if you dont you end up losing tons of money as compute cost escalate and hallucinations occur. Turns out technical stuff, requires, technically competent people. Shocker, its like you actually competent people in that field to use that technology. Ai is great as part of a complex of systems solving problems to improve efficiency, quality, productivity and throughput, but you actually have to know what your doing.
siliconandsteel on
Doing business got tough and coasters have to go. To retire comfortably.
Every word a misdirection or manipulation, that is their job after all.
PointOfFingers on
What’s really happening is they are leaving while their renumeration and stock is at its highest. The next CEO will be hired to sack thousands of people and tank the bottom line for a couple years so they can emerge more profitable. So they need a renumeration package that has no short term bonuses but huge bonuses and stock options in a couple years.
A David Zaslav package.
angrybobs on
Most of them don’t understand it and have no idea how it’s going to affect them in the long run which is a major part of a ceo job to have a vision for the future of the company. This could be offset by having a new c level title like Chief AI Officer maybe to help them understand. They could also maybe just see that they’re not needed and AI will do their job for them.
buttflapper444 on
Yes, we need new leadership and new people to push the use of AI, right when we know that there’s a bubble that it’s about to pop, and we have no actual verified use cases of AI for 90% of what people are claiming they are using it for. Sounds so logical!
Icy-Swordfish-3755 on
I have no idea why the CEO of a soda company would feel remotely threatened by AI
Adept-Target5407 on
Interesting. I’ve noticed at my company a high amount of leadership from directors to VPs announcing retirement recently. I’ve been trying to figure out if it’s foretelling of something or just a coincidence.
TurkeyVolumeGuesser on
„Our advisors have told us to get out before the bubble pops and ruins us.“
Wind_Best_1440 on
Oh the CEO’s see where the writing is on the wall and are getting out before it gets bad. Lmao.
bs2k2_point_0 on
CEO’s are the ones best suited to be replaced by ai…
OkLab6701 on
Replace them with AI bots !
JonJackjon on
So these high priced CEO’s are only able to deal with the same old, same old. And when given a challenge they get scared and bail.
Beetcoder on
They are the ones we should be replacing with AI anyway
mj16pr on
They spent a lot of money on AI and someone else is taking the fall
Maroon7C0000 on
That’s ironic because so many CEOs are the ones pushing AI on their companies, and laying off employees because of the extra „efficiencies“ AI is bringing.
r21174 on
“Ohhh Take your money and run””
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Coca-Cola CEO James Quincey and former Walmart CEO Doug McMillon have told CNBC that the next wave of artificial intelligence is a reason for their departures.
Both CEOs said they believed their companies needed someone with new energy and understanding of AI to helm the companies’ futures.
The bubble grows.
“I wasn’t a bad CEO even though I got forced out & here’s why”
Basically what’s being said is that two major CEOs, Coca-Cola’s James Quincey and Walmart’s Doug McMillon stepped down partly because they felt AI-driven transformation needed younger, faster leaders to finish what they started
We started this avalanche and now we’d like to move out of the way.
They getting their big payouts btw
Crazy that these dudes will blame their own resignation/firing on AI too.
Reads a lot like rats jumping a ship expected to start sinking to me.
This is basically the rats fleeing the ship before it goes down due to the AI bubble.
The reasoning:
When you think of Coca Cola, you think of bubbles. When you think of bubbles, you think of AI. When you think of AI then… what does it think actually? Computer said „no“. Why? Because computer said so.
This period will be known as „The Great Hallucination“
I’m not convinced on the whole AI taking over but I do my bit to boycott and avoid any company that uses AI
The way I say see it, I’d rather spend my money with organisations that hire human beings that need to eat, raise kids and have bills and rent to pay.
If any company starts cutting out human beings from the workforce then I cut them out of my spending.
Wake me up, when this bullshit ends.
The rats are starting to flee the sinking ships
ai is great if you understand its use cases, its abilities, it limitations, and also that there are multiple types of ai and they have different strengths. if you dont you end up losing tons of money as compute cost escalate and hallucinations occur. Turns out technical stuff, requires, technically competent people. Shocker, its like you actually competent people in that field to use that technology. Ai is great as part of a complex of systems solving problems to improve efficiency, quality, productivity and throughput, but you actually have to know what your doing.
Doing business got tough and coasters have to go. To retire comfortably.
Every word a misdirection or manipulation, that is their job after all.
What’s really happening is they are leaving while their renumeration and stock is at its highest. The next CEO will be hired to sack thousands of people and tank the bottom line for a couple years so they can emerge more profitable. So they need a renumeration package that has no short term bonuses but huge bonuses and stock options in a couple years.
A David Zaslav package.
Most of them don’t understand it and have no idea how it’s going to affect them in the long run which is a major part of a ceo job to have a vision for the future of the company. This could be offset by having a new c level title like Chief AI Officer maybe to help them understand. They could also maybe just see that they’re not needed and AI will do their job for them.
Yes, we need new leadership and new people to push the use of AI, right when we know that there’s a bubble that it’s about to pop, and we have no actual verified use cases of AI for 90% of what people are claiming they are using it for. Sounds so logical!
I have no idea why the CEO of a soda company would feel remotely threatened by AI
Interesting. I’ve noticed at my company a high amount of leadership from directors to VPs announcing retirement recently. I’ve been trying to figure out if it’s foretelling of something or just a coincidence.
„Our advisors have told us to get out before the bubble pops and ruins us.“
Oh the CEO’s see where the writing is on the wall and are getting out before it gets bad. Lmao.
CEO’s are the ones best suited to be replaced by ai…
Replace them with AI bots !
So these high priced CEO’s are only able to deal with the same old, same old. And when given a challenge they get scared and bail.
They are the ones we should be replacing with AI anyway
They spent a lot of money on AI and someone else is taking the fall
That’s ironic because so many CEOs are the ones pushing AI on their companies, and laying off employees because of the extra „efficiencies“ AI is bringing.
“Ohhh Take your money and run””