The CEO of Robinhood says just as every company has become a company.

Companies pump billions of dollars into artificial intelligence investments to keep pace with a fast -changing technology that transforms the way in which work is done.

CEO of Robinhood Vlad Tenev He said David Robinstein this week Bloomberg’s wealth The race to implement artificial intelligence in business is a “huge transformation” similar to portable and cloud transformations in mid -2000, but “perhaps larger.”

“In the same way that every company has become a technology company, I think every company will become Amnesty International,” I explained. “But this will happen at a more accelerated rate.”

TENEV, who participated in the establishment of the mediation platform in 2013, noted that merchants are not trading only to make money, but also because they love it and they are “very excited about that.”

“I think there will always be a human element,” he added. ))

However, TENEV expects Amnesty International to change jobs and advise people to quickly become “Amnesty International” to avoid backwardness during the August episode of Holly coffee watch Podcast. He added that artificial intelligence will be able to expand business much faster than the previous technology boom.

“My long -term expectations are that you have more individual person companies,” Tinif said in the podcast. “One individual will be able to use artificial intelligence as a great speed to start business.”

International companies belong to artificial intelligence techniques to move quickly from the experimental stage to daily operations, though a The Massachusetts Institute for the last technology I found that 95 % of the experimental programs failed to provide them.

Technology giants are advancing in the United States, where the alleged superior players are planning to spend $ 400 billion on capital expenditures next year, and most of that will go to artificial intelligence.

Studies indicate that artificial intelligence has already permeated the majority of companies. accident McKinsey reconnaissance 78 % of the institutions used artificial intelligence in at least one job function, an increase of 72 % in early 2024 and 55 % in early 2023. companies are now looking to constantly updating advanced technology.

In the world of financing, Jimmy Damon from JPMorgan Chase Secure Artificial intelligence will “increase almost every function”, describing its effect as “unusual and perhaps transforming like some major technological inventions for several hundreds of past years: Think about a printing press, steam engine, electricity, computing, and Internet.”