tech
Business and tech leaders discuss the challenges and opportunities presented by AI's widespread adoption
CNBC spoke with several business and tech leaders at the CONVERGE LIVE event in Singapore about the challenges and opportunities presented by the adoption of AI.
TL;DR
- AI is expected to improve human productivity and could represent a $10 trillion total addressable market.
- AI infrastructure is seen as the key growth area for profit extraction in the next 2-5 years.
- The impact of AI is shifting from blue-collar to white-collar professions and leadership.
- Job descriptions are becoming less relevant, with a greater focus on workflows as AI integration increases.
- A 2025 McKinsey report indicates over 70% of employees expect generative AI to change at least 30% of their work within two years.
- 92% of companies plan to increase their AI investments by 2028.