AI Revolution: CEO Warns of Job Losses, But Also Sees Massive Opportunities

**AI's Impact on Jobs: A CNBC Interview with Vista Equity Partners CEO** The impact of artificial intelligence (AI) on the global workforce is a topic of increasing concern. In a recent CNBC interview, Robert Smith, CEO of Vista Equity Partners, offered insights into this transformative technology and its implications for jobs. The interview, filmed at an unspecified location in the US, focuses on the potential for both increased productivity and job displacement. Smith noted that "about 1 billion knowledge workers on the planet" are currently producing about $40 trillion in economic output. However, he warned that AI's potential to automate tasks could significantly alter this landscape. He explained, "Every one of those knowledge workers' businesses will now be impacted by Gen AI." Smith highlighted the example of one of his companies, Gainsight, where the shift from one user to twelve AI agents resulted in a significant increase in productivity. While acknowledging the potential for job displacement, Smith also emphasized the opportunities created by AI. He suggested that companies that effectively integrate AI agents will see massive increases in productivity and value creation. He stated, "If you aren't utilizing agents today, your job will very much become at risk." Conversely, he added, "And if you are utilizing them, you have a potential to actually create a massive amount of value." Smith's interview provides a balanced and insightful perspective on the challenges and opportunities presented by AI, urging businesses to adapt and embrace this new technological era to mitigate potential risks and maximize benefits. The interview serves as a strong call to action for businesses to prepare for the changing landscape of work.