{"id":640132,"date":"2024-08-20T00:00:00","date_gmt":"2024-08-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/20\/big-corporations-are-starting-to-see-ai-as-more-foe-than-friend\/"},"modified":"2024-08-20T00:00:00","modified_gmt":"2024-08-20T00:00:00","slug":"big-corporations-are-starting-to-see-ai-as-more-foe-than-friend","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/20\/big-corporations-are-starting-to-see-ai-as-more-foe-than-friend\/","title":{"rendered":"Big corporations are starting to see AI as more foe than friend"},"content":{"rendered":"

Big corporations are starting to see AI as more foe than friend.<\/strong> Employees have long felt the wrath of AI since ChatGPT's launch in November 2022, with over 83.9k<\/a> Silicon Valley jobs slashed this year, following the AI-fueled layoff frenzy in 2023 that left around 200k<\/a> employees unemployed. The job cuts were the result of optimism for an AI-led future at lower operational costs, but now 56% of Fortune 500 companies cite AI as a risk factor<\/a> in their annual reports \u2014 a significant bump from just 9% in 2022.<\/p>\n

Bigwigs aren\u2019t worried about the loss of human touch.<\/strong> The primary concern is keeping up with the competition, some of which are more adept at exploiting what was meant as an aid to workers, not a replacement. Hostile consumer sentiment due to ethical and privacy concerns<\/a> surrounding the tech has also started impacting the reputation of companies advertising<\/a> their use of AI, forcing executives to start reconsidering its inclusion.<\/p>\n

The industries with the largest concerns: <\/strong>According to the Financial Times, 90% of US media and entertainment companies and 86% of software and technology companies called \u201cfast-growing\u201d AI systems a business risk. Over half of healthcare, financial, and retail services, and aerospace companies voiced the same concerns. Netflix, already in a struggle with user-generated content<\/a>, is worried that AI use by their competitors will affect its \u201cability to compete effectively\u201d and that \u201coperations could be adversely impacted.\u201d<\/p>\n

\n

\n

As loneliness becomes a modern epidemic, a new breed of apps is swooping in <\/strong>to help strangers connect.<\/strong> Forget dating apps \u2014 The Breakfast<\/a> wants to unite people over a shared meal<\/a>, arranging dinners in several cities around the world, platonically connecting folks over food, promising \u201cNo dating or networking. Just breakfast.\u201d <\/p>\n

The loneliness epidemic:<\/strong> One in five workers report feeling lonely, and the numbers climb the less time spent at the office. Some 21% of hybrid employees and 25% of fully remote workers feel lonely, according to a survey conducted by Gallup<\/a> in February. Apps like The Breakfast are hitting the ground running to create a space where friendships can thrive, especially for those who crave more than push notifications from Slack and Email.<\/p>\n

As people ditch the swiping game for real connections, big names are following suit.<\/strong> Bumble<\/a>, the dating app that wants to be so much more, recently snapped up Geneva<\/a>, an app focused on fostering friendships, even after launching Bumble BFF mode on their app. Bumble CEO Lidiane Jones noted that younger users are feeling increasingly isolated, and that \u201cplatonic bonds [are] core to the company\u2019s future business.\u201d Her sentiments were echoed by other Silicon Valley execs, including Maxime Barbier, co-founder and CEO of Timeleft<\/a>, who says that dating app fatigue<\/a> is the reason behind the change in user behavior.<\/p>\n","protected":false},"excerpt":{"rendered":"

56% of Fortune 500 companies cite AI as a risk factor in their annual reports<\/p>\n","protected":false},"author":1,"featured_media":640133,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[7094,633,638,639],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-ai","tag-enterprisepm","tag-for-your-commute","tag-technology","wpautop","entry"],"acf":{"mongo_id":"9f52e83d-264f-4c7e-b00b-76f933297b75","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1799.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[640127],"teaser":"56% of Fortune 500 companies cite AI as a risk factor in their annual reports","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.094c616a-dde0-4c95-8ee4-703e3cbd2b9f.mp3"},"yoast_head":"\nBig corporations are starting to see AI as more foe than friend - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/20\/big-corporations-are-starting-to-see-ai-as-more-foe-than-friend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big corporations are starting to see AI as more foe than friend\" \/>\n<meta property=\"og:description\" content=\"56% of Fortune 500 companies cite AI as a risk factor in their annual reports\" \/>\n<meta property=\"og:url\" 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