ICYMI: According to This AI CEO You Won’t Have to Go to Work in a Year

Posted on by Adrienne Gonzalez
Surprised chihuahua

Commence to fantasizing about what you’ll do with all that glorious free time when you lose your job to AI in 12-18 months because that’s the confident prediction made by Microsoft AI CEO Mustafa Suleyman in this interview with FT’s Roula Khalaf.

An AI OG, Suleyman co-founded DeepMind back in 2010 when he was just 26 years old. Google bought it for $650 million four years later and a few years after that, he found himself attending mandatory professional development training related to accusations of bullying staff. Wrote WSJ in 2021:

Google’s push to advance in AI through acquisition has also added to its management challenges. In a previously unreported move, Mustafa Suleyman, co-founder of Google’s London-based artificial-intelligence arm, DeepMind, was stripped in late 2019 of most management responsibilities after complaints that he bullied staff, according to people familiar with the matter.

DeepMind, which Google bought in 2014, hired an outside law firm to conduct an independent probe into the complaints. At the end of 2019, Mr. Suleyman was moved to a different executive role within the AI team at Google.

DeepMind and Google, in a joint statement, confirmed the investigation into Mr. Suleyman’s behavior and declined to say what it found. The statement said that as a result of the probe Mr. Suleyman “undertook professional development training to address areas of concern, which continues, and is not managing large teams.” The companies said that in Mr. Suleyman’s current Google role, as vice president of artificial-intelligence policy, “he makes valued contributions on AI policy and regulation.”

Someone let him know you can bully accountants with impunity, they like a little masochism as a treat. No need to lump them in with everyone who he thinks will be pushed out of their human jobs by 2028.

Look, we have no doubt jobs will be lost in the next 18 months but it’s not AI as in artificial intelligence taking them.

Mustafa Suleyman plots AI ‘self-sufficiency’ as Microsoft loosens OpenAI ties [Financial Times]

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Is Tim Geithner a Closet IFRS Supporter?

Tim Geithner has inadvertently given his endorsement to standardized financial regulation around the globe, so is he also giving the adoption of IFRS in the US his approval?

Possibly, since he told ABC that “he wasn’t worried that tighter financial regulation would put U.S. banks at an international disadvantage. ‘I’m very confident we can make sure that we are working very closely to raise global standards around the world so we have a level playing field,’ Geithner said.” His motivations are only slightly suspect. Why?

Under IFRS, assets are overstated as derivatives are measured in gross exposure, as opposed to GAAP which concerns itself with net value. More magic financial reporting; of course Geithner would want to see banks magically healed by a change in accounting. If we’re going to do it, let’s also restate years 1999 – 2009 so we can compare at least.


Incredible what a slight adjustment can do (See also: page 19 of the Deutsche Bank report “Financial Transparency” – bwhahaha).

Speaking to the G7 finance ministers in Iqaluit, Canada this weekend, Geithner reiterated his commitment to globalization, accounting magic, and the heavy hand of regulation.

“We all share a deep commitment to try to move forward and reach agreement on a strong, comprehensive set of financial reforms on the timetable we all committed to last September,” he said at a closing press conference following a meeting of Group of Seven finance chiefs.

“That means agreement on … a new set of capital requirements for large global institutions by the end of this year,” he added, playing down the possibility that the Obama administration might be headed in a different direction from other governments.

TG is talking about pacts made with winners like Japan’s Shoichi Nakagawa, who blamed his “drunken behavior” on cold medicine. Sort of like Beavis blaming his tax problems on TurboTax.

Timmy is also somehow convinced that the United States will never lose its AAA rating but he forgets that the MBSs that the Fed is buying were also AAA once upon a time too. He also seems to have forgotten about our massive deficit.

At least he remembered to push the globalization agenda he’s been blabbering about all this time.

6 thoughts on “ICYMI: According to This AI CEO You Won’t Have to Go to Work in a Year”

  2. Didn’t the Anthropic CEO say that AI is 18 months away from decimating white collar jobs? But he said this like 37 months ago lol

    Not sure if that’s true, but someone pointing that out made me laugh when he recently said it was 18 months away from doing that that.

  3. Poor work ethic is a bigger threat to our industry than AI. Just ask anyone who has to manage associates during busy season.

    1

  5. I went to a presentation 15 or so years ago where the presenter said that programming self-driving cars was easy and we’d have been in self-driving cars then if it weren’t for all the idiotic unpredictable humans out there. I feel the same is true of AI in accounting. The reason auditing exists in the first place is that people don’t do things consistently correctly, don’t follow the rules, take shortcuts. We will all be out of jobs and handing everything over to AI when everyone follows all the rules and does everything consistently correctly, that won’t happen in my lifetime..

  6. Yet they all still have many open job positions? You are supposed to lead in the field, so why doesn’t your chatbot do all the work?

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