Big bosses’ big turnover
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 30 October 2023
⏱️ 7 minutes
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Summary
More than 1,400 CEOs have left their jobs from January to September this year. That’s up by almost 50% from the same period last year, and it’s the biggest turnover in more than two decades, according to a recent report. What’s behind the exodus? Also: The Biden administration looks to regulate artificial intelligence, and federal oversight can get in the way of Native homeownership.
Transcript
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| 0:00.0 | Now the shoes on the other foot, it's bosses with their own great resignation. |
| 0:07.1 | I'm David Brancaccio in New York, first President Biden this afternoon is scheduled to authorize |
| 0:12.0 | a multi-pronged executive order on artificial intelligence. |
| 0:15.8 | This is the first attempt by the federal government to regulate AI. |
| 0:20.0 | Marketplace Washington correspondent Nancy Marshall Gensert joins us now, Nancy. |
| 0:24.2 | I see eight parts, including categories like AI safety and security. |
| 0:29.9 | What are the broad parameters here? |
| 0:32.6 | David, the order requires companies building the most powerful AI systems |
| 0:37.5 | to test them for safety and security and then release the test results to the government. |
| 0:42.6 | The White House will also recommend but not require water marking to label content created by AI. |
| 0:49.6 | And that's designed to make it easier to identify deep fakes and misinformation. |
| 0:55.0 | The White House is also using this executive order to give human workers, |
| 0:59.0 | I guess a fighting chance buttressing the workforce. |
| 1:02.3 | See anything concrete there? |
| 1:05.0 | The really concrete thing here is the administration is telling federal agencies |
| 1:09.8 | to make it easier for U.S. companies to recruit AI talent. |
| 1:14.2 | The White House instructs federal agencies to streamline criteria interviews |
| 1:18.9 | and reviews for visas. |
| 1:20.7 | The executive order also talks about mitigating the risk of bias |
| 1:24.7 | and workers losing their jobs because of AI. |
| 1:28.6 | And there are limits to what the administration can do alone. |
| 1:31.8 | What do they want Congress to do? |
... |
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