AI's Impact: CEOs Discuss Job Shifts and Future of the Internet
Translated & summarized from Calcalist by baba
Assaf Peled of Minnit Media and Yoni Luxemburg of Elementor discussed AI's impact on employment and the internet at the Tech1 conference. Luxemburg reported Elementor has 60% fewer employees due to AI, while Peled predicted long-term job creation despite initial disruptions. Both CEOs expressed skepticism about heavy AI regulation, favoring market-driven adaptation. They also touched on the evolving online landscape, with Luxemburg foreseeing a shift from websites to AI agents.
The story in 6 lines · by baba
- Elementor CEO Yoni Luxemburg stated his company has 60% fewer employees due to AI.
- Minnit Media CEO Assaf Peled predicts AI will create new jobs long-term, despite initial market disruption.
- Both CEOs expressed optimism about AI's future, believing new roles will emerge.
- Luxemburg foresees a future internet based on AI agents, not traditional websites.
- Peled and Luxemburg oppose strict AI regulation, favoring market-driven solutions.
- AI is being used to personalize fan experiences on Sports Illustrated's website.
Artificial intelligence is causing immediate upheaval in the job market, but long-term employment issues are unlikely, according to Assaf Peled, founder and CEO of Minnit Media. Speaking at the Tech1 conference in Tel Aviv, Peled expressed optimism, drawing parallels to past technological revolutions. He predicted that while sectors like software and technology might experience job losses, new roles will emerge, driving economic activity over the next five to ten years. Minnit Media itself has grown, though it has parted with some employees in certain areas.
Yoni Luxemburg, founder and CEO of Elementor, stated that his company now employs approximately 60% fewer people due to AI, which has fundamentally changed their work processes. He believes that in the long run, new jobs and roles will appear, just as new professions like developers and product managers emerged over the last 50 years. Luxemburg emphasized that the current changes driven by AI are just the beginning, with new professions set to follow the elimination of redundant tasks.
Both Peled and Luxemburg shared views on the potential IPO of Anthropic. Peled noted that many organizations are still assessing long-term AI scenarios and that while Anthropic's Claude was an early tool, cheaper and free alternatives, particularly from China, pose a threat. Luxemburg added that AI is ushering in a new economy, transforming how people interact online. He envisions a future where users interact with agents rather than websites, suggesting a redesign of the internet is necessary as current infrastructure is not optimized for agents, citing high costs for AI-generated results.
Regarding regulation, Luxemburg and Peled both oppose strict AI oversight. They believe human progress cannot be halted and that developers and customers will naturally find the right ways to use AI, favoring market processes over excessive regulation. Peled also touched on AI's impact on sports, a field he believes is less susceptible to direct AI replacement of human talent like LeBron James. However, he highlighted the need for personalized fan experiences, noting a 50% drop in traffic from Google to Sports Illustrated's website and the use of AI to tailor content to individual fan preferences to maintain relevance.