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“HR Heretics” | How CPOs, CHROs, Founders, and Boards Build High Performing Companies
Striking at the Heart of the Future of Work | AI Corner with Siadhal Magos on 11x AI
Dec 18, 2024
Siadhal Magos, CEO of Metaview and an AI expert, dives into the rising influence of AI on the workforce. He discusses how AI-powered sales reps could change job structures and the crucial funding behind automation trends. Siadhal emphasizes the balance between job displacement and the creation of new roles, urging workers to adapt. The podcast also highlights AI's transformative role in recruitment, streamlining processes while preserving essential human interaction for successful hiring.
29:00
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Quick takeaways
- The rise of AI-powered solutions like 11X’s products highlights the increasing potential for job displacement in traditional roles, particularly within sales development.
- Venture capitalists are shifting investments from software costs to labor automation, emphasizing the need for workers to develop skills in creative and strategic thinking.
Deep dives
The Evolution of Labor Spend
The discussion highlights a significant shift in how venture capitalists perceive the total addressable market (TAM) for technology investments, moving from software expenditures to labor costs. Companies like 11X are proposing a future where businesses can reduce their dependence on human employees by leveraging software instead. This transition suggests that a majority of company expenditures—up to 80%—will center around human capital rather than traditional software solutions. The implication is that investing in AI technologies that replace human roles could yield substantial advantages and savings for businesses.
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