Bloomberg Talks Gary Cohn talks AI and How It Productive It Is
Mar 4, 2025
Gary Cohn, IBM Vice Chair, shares his insights on the transformative power of AI in enhancing productivity. He emphasizes AI as an evolutionary leap that improves work efficiency and creates new job opportunities, countering fears of job loss. Cohn also touches on the rapid advancements in quantum computing and the critical need for thoughtful regulation. Furthermore, he discusses how AI can streamline business processes, advocating for investments in technology despite associated risks.
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HR Chatbot at IBM
- IBM created an HR chatbot to handle employee requests.
- This streamlined processes, improved satisfaction, and reduced HR staff by 600 through redeployment.
AI for Code Conversion in Finance
- Financial institutions often have complex, disparate technology systems.
- AI-powered code assist bots can translate between different coding languages, simplifying integration.
Using Small AI Models
- Don't feel you're too late to adopt AI; focus on targeted small models for specific business needs.
- These are more efficient and cost-effective than large language models.