tech
AI will help young workers 'mature' faster by automating grunt work, Thoma Bravo says, amid youth job crisis
"If you look at our associates, they're spending a lot less time doing models or comparables than before," Orlando Bravo, founder of Thoma Bravo, told CNBC.
TL;DR
- Orlando Bravo, founder of Thoma Bravo, believes AI will enhance junior workers' roles by automating repetitive tasks.
- He suggests AI will enable junior associates to mature more quickly and focus on higher-level business operations.
- Bravo predicts AI will increase the demand for associates, leading to more hiring in private equity.
- This view comes amidst concerns about increasing youth unemployment and AI-driven job cuts in various industries.
- Governments, like the UK, are focusing on upskilling young workers in AI to improve employment prospects and salaries.
- Entry-level roles requiring AI skills can command up to 25% higher salaries.