AI vs Human CEOs: A New Tech Experiment Unveiled
AI Surpasses Human CEOs in Business Trials
Can we throw CEOs out of their offices and replace them with AI? A new experiment from the University of Cambridge suggests the answer is no. Artificial intelligence actually outperformed human CEOs in most situations in a real-life simulation of running a business that pitted people against computers, but there was one thing AI couldn't handle: black swan events, like a pandemic.
The Experiment's Findings
- AI got fired more quickly by a virtual board of directors than its human counterparts.
- Human CEOs navigated unexpected situations better.
- AI excelled in profitability, product design, managing inventory, and optimizing prices.
Hamza Mudassir, one of the researchers behind the experiment, emphasized that while AI outperformed the human participants on various metrics, its performance wasn't sufficient to prevent dismissal.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.