AI Will One Day Make Better Decisions than CEOs, Nobel Laureate Kahneman Says

CEOs and senior executives do not occupy such positions for nothing: they accumulate many years of experience, play a leadership role, and have technical and social-emotional skills. But in the near future, they will have to live with a reality in which strategic business decisions within corporations will also be made by artificial intelligence (AI), according to Daniel Kahneman, winner of the Nobel Prize in economic science in 2002, and considered one of the fathers of so-called behavioral economics. "It won't be long before artificial intelligence is better than people because it learns faster (...) So we can expect that there will be more and more areas where artificial intelligence will become more and more important," Kahneman said in an exclusive interview with Bloomberg Línea by videoconference from the United States. "It will be possible to develop artificial intelligence that can evaluate business proposals at least as well or possibly better than a CEO. There will be a lot of decisions made by artificial intelligence. It hasn't happened yet, but I think that moment is coming," said the emeritus professor of psychology and public relations at Princeton University, who also predicted that there will be a lot of resistance from business leaders who today make the major decisions. Kahneman, 88, will travel to Brazil at the end of the month to participate as the main speaker at Data Driven Business, a data analytics event promoted by Neoway in partnership with B3 (B3SA3).