Alibaba’s Chairman Joe Tsai make known at CNBC’s CONVERGE LIVE event in Singapore on Wednesday.
CNBC
Artificial intelligence may eliminate the need for research analysts in the to be to come, Alibaba’s Chairman Joe Tsai said Wednesday at CNBC’s CONVERGE LIVE event in Singapore.
“Equity research analysts can be in toto replaced … you can ask it to put together a report on Nvidia or Apple, and it’ll do a great job,” he told CNBC’s David Faber.
That doesn’t sordid, however, that analyst roles will be eliminated altogether, he said during CNBC’s two-day live consequence at Jewel Changi Airport.
“I don’t think it’ll entirely replace human beings. It’ll just actually enhance the quality of carry out,” he said.
“I think the quality of research can really be improved if a lot of the mundane research related stuff can be done by the machine, and then souls can apply their judgment and make better recommendations.”
AI also stands to fundamentally change the practice of law, he said, citing his own breeding as an attorney.
“When you write a contract … the whole document has to fit well together, every sentence, every distinctness, has to fit with each other. Well, AI can do a lot of that, I would say most of it,” he said. “Does that mean in the future, benchers will be replaced by AI? Not necessarily.”
He said that when clients hire “sophisticated lawyers,” they are really solicit from for counsel.
“Counsel is not something that is technical, or black and white — it is judgment,” he said. “I still think that these concerns can just be enhanced by AI rather than being replaced.”
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