All posts tagged: CEOs

AI CEOs Baffled by Hatred of Their Technology

AI CEOs Baffled by Hatred of Their Technology

Published by José Betancourt

Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech A bulk of Americans really hate AI — and many AI CEOs can’t quite grasp why. There’s a serious mismatch between public sentiment and corporate excitement over AI. Companies continue to AI-wash layoffs and jam the tech into every corner of their products, yet research keeps finding that Americans are opposed to rampant AI expansion: according to one recent Economist/YouGov poll, a staggering 70 percent of Americans think that AI is “moving too fast,” and about 64 percent believe it’s unlikely that the general population will ever reap future economic benefits of the tech. Yet no one seems to be more confused than the makers of the tech themselves. Back in January, Nvidia CEO Jensen Huang lamented on a podcast that the AI backlash has been “extremely hurtful,” blaming pushback on “doomers” pushing a negative “narrative” of AI. Microsoft AI CEO Mustafa Suleyman observed in an X post last fall that there are “so many cynics,” and that it “cracks …

Tech CEOs Confused by Why Everybody Hates AI So Much

Tech CEOs Confused by Why Everybody Hates AI So Much

Published by José Betancourt

Illustration by Tag Hartman-Simkins / Futurism. Source: Kevin Dietsch / Getty Images Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech These days, it’s not enough to sit and watch as AI destroys a generation of students, makes it impossible to find a new job, and generates military targets by the thousands — you gotta be grateful for it, too. That, at least, is the attitude of the tech elites who’ve spent years pushing AI on the masses, only to find the public is in no such mood. As the New York Times observed over the weekend, the particular characteristics of what some have called the “AI bubble” diverge from similar moments in economic history in one key way: practically everybody hates it. “I can’t really remember a boom with such active hostility to it,” William Quinn, co-author of the 2020 history tome “Boom and Bust: A Global History of Financial Bubbles,” told the NYT. “People usually find new technology exciting. It happened with electricity, bicycles, motorcars. …

PayPal hires HP’s Enrique Lores as its new CEO

PayPal hires HP’s Enrique Lores as its new CEO

Published by Miika Tikkanen

PayPal said on Tuesday it is hiring HP’s Enrique Lores as its CEO and President, replacing current chief executive, Alex Chriss. Lores, who has been the chair of PayPal’s board since July 2024, will also take up the role of president. PayPal said the appointment was made because company’s pace of change and execution was “not in line with the Board’s expectations” given broader market trends. Chriss joined PayPal in September 2023 from Ituit, succeeding Dan Schulman. PayPal’s CFO and COO, Jamie Miller, will take over as interim CEO until Lores joins the company. The appointment comes as PayPal on Tuesday reported lower-than-expected revenue and profit in the fourth quarter, as consumer spending dipped amid a broader cost of living crisis and a softening labor market. The company also forecast a dip in its full-year profit, which surprised investors, as Wall Street had broadly expected the company to forecast growth instead. PayPal’s shares were down about 17.9% in premarket trading on Tuesday. Lores, who served as President and CEO of HP for over six years, …