The Future of Artificial Intelligence and Algorithms

Artificial intelligence will regularly be used in the daily operations of companies to model future products and services and design organizations. The future is incredibly difficult to foresee, reflecting its enormous potential–the future of AI is literally the future of the world. We make the following predictions:

• AIs will run astronomical numbers of digital experiments for companies, including generating hypotheses.

• As AI becomes increasingly humanlike, it will ultimately make recommendations on when and how it will be used. AGI, as it exhibits ever-greater emotional sensing, will likely penetrate further into our private lives. 

• We are likely to see more AI-human collaboration in more places. For example, we will see AI at the top of corporations, including on boards of directors and at the senior management level. We may even see a “digital twin” C-suite, in which every C-suite role will feature a validation and logic-checking AI partner.

• We also will see an explosion of AI-driven decentralized autonomous organizations (DAOs)—that is, company operations that are entirely AI, complete with decision-making powers. Not surprisingly, AIs that are part of a company will develop their own Algorithms that will gather and develop their own data to maximize desired outcomes.

• In short: Companies that do not use AI as core to all of their products, services, and operations will not survive.

A final word on the future of AI and how it will be implemented. Every company will need to navigate the tsunami of change and opportunity that is coming from all aspects of AI, from Machine Learning to Generative AI. How do you stay on top of the disruptive dangers and extraordinary opportunities for leverage? Peter has recently coined the phrase “Chief AI Officer” and has been encouraging every company he chairs, invests in and advises to get one. 

So what is a Chief AI Officer? As Peter explains, “It’s not someone in your company coding or training a Large Language Model. Instead, your Chief AI Officer is a strategist reporting directly to the CEO and CTO of the company. This person is in charge of monitoring the latest emerging companies, apps, and AI strategies and determining which are of the greatest value to different parts of your company. Your Chief AI Officer is building partnerships, acquiring licenses, and also training your employees. He/She is also making recommendations on how and where to flow in AI at every level of your ExO.”