Maria Bartiromo has been covering business news for 30 years, and shes got her eye on the next big wave: artificial intelligence.
The Fox Business Network anchor, who recently re-signed with the network for a multiyear deal, is releasing an hour-long investigative documentary about artificial intelligence. The segment, which has been in the works for a year now, includes interviews with chief executive officers of major companies including IBM IBM, +0.13% and Ford. F, -0.11%. Fox News parent company Fox Corp FOXA, +0.00% was previously owned by MarketWatch parent News Corp NWS, +0.49%.
Artificial intelligence isnt just making demands to Siri on Apples iPhones, AAPL, +0.45% or telling your Google GOOG, +0.33% email inbox to identify spam. Eventually, people will be talking about artificial general intelligence, which is machine learning that is, the computer deciding on its own what is or isnt relevant to a persons request based on its past experiences. This technology has the potential to create entirely new jobs, eliminate other ones and also save lives, Bartiromo said, and the key for Americans to succeed in the face of this new technology is to understand where and how it will be implemented.
See: Artificial intelligence is revolutionizing the workplace, but its also dominated by men
The documentary will air on Sunday at 8 p.m. EST on Fox News FOX, +0.31%, and is broken into six parts. Bartiromo spoke with MarketWatch about how artificial intelligence will affect future workers and retirement, as well as her own plans.
MarketWatch: What do you see as the biggest impact of artificial intelligence on businesses? Is there a certain sector or facet of the workplace that will be most affected?
Maria Bartiromo: Artificial intelligence is powered by data so any job that involves a lot of data will be impacted first. So lets say youre a mortgage broker, or the person who looks at the eligibility of someone to see if theyre going to get a mortgage. You have to go through large sets of data, which a machine can do fast.
I think the industry that will be most impacted, in a good way, is health care. The machine can look at a radiology report, a mammogram, an MRI it can look at a million eyes and understand which one of those eyes is diseased. Or a million skins and see really simply, easily and quickly what the specifics of that skin is and what the propensity is for it to have cancerous cells. Thats what IBMs Watson is doing in hospitals theyre using AI in very big ways to understand routines and what these reports might show. It wont replace a doctor, but it will just be able to let the doctor do more. When you go to a doctor and you say you have a headache or stomach ache, the first thing the doctor does is eliminate things. That takes time. A computer can do that very quickly. I think it will be lifesaving.
But while it can be lifesaving, it can also be job killing in other industries. I think when you look at those industries, thats when the worry comes in and really sparks a debate in business about how to unleash artificial intelligence in an ethical way.
MW: People seem to think AI will replace older workers. What do you think?
Bartiromo: Not necessarily. It is really about a persons savvy with technology. You can be an older person and be really good at technology, you dont have to be a young person to understand how technology impacts things. So its really about how savvy you are with these changes and how to keep up with this skill set, or you need to be trained. We have seen technology replace jobs our entire careers. We didnt know what jobs would be available in 1998 with the dot-com boom. I remember covering this with a front-row seat in the 1990s when Amazon AMZN, -0.49% went public. We didnt know what the technology meant, that drones might replace delivery people or shopping was going to move online as opposed to brick and mortar. There will be jobs, but the scary thing is we dont know about them yet. It is not targeted toward older people but it is targeted toward white collar.
Read: How AI is catching people who cheat on their diets, job searches and college work
MW: Will AI impact retirement, and if so, how?
Bartiromo: Work is shifting. I dont know how many people you know who retire at 65 and say all right, Im going to go hit the hammock. I am certainly not going to do that. People may retire but they just retire from a job they had for 30 years and then theyll do something else. I am a firm believer of never retire and the reason I say that is because you have to constantly keep your mind going and have to constantly challenge your mind because if you dont use it, youll lose it.
MW: What does retirement mean to you? What do you envision retirement even being for yourself?
Bartiromo: I dont know because Im nowhere near it. I know in my frame of mind right now, Im not going to go hit the hammock. I am a curious person. I love work, I love learning new things and I have an open mind to new ideas. So I doubt when I am faced with that prospect that Im just going to stop working. Im going to do something to enrich my mind. I have no expectations that when I retire from my job Im going to rest and relax. Its just not who I am.
MW: What advice do you have for someone starting to work, especially if there will be more technological advancements in the workplace?
Bartiromo: I would say dont write this off. Understand what you dont know and make sure to bone up on technology if you are in an industry that is data-heavy. Make sure you understand that in the future, machines will be able to handle that so arm yourself with the right training to thrive in the profession. Its really important not to say I dont get that, Im lame when it comes to technology thats a cop out and it will hurt you in the future. Make sure to improve on the skills you need regarding technology and make sure you know the systems.
MW: What would you say are some of the biggest misconceptions of AI in the workplace?
Bartiromo: One misconception is that you have to be afraid of it. You have people like Elon Musk (the chief executive officer of Tesla TSLA, +0.25% ) who say it is dangerous but the reality is it is happening. Technology has always impacted jobs. Dont be afraid of it, understand it and try to educate yourself. Understand what parts of your routine are vulnerable to being replaced.
Another misconception is that when we talk about AI we are talking about Siri and your phone or the Echo home device. Yeah, that is artificial intelligence, but it is more about machine learning, so when I say Siri, put on yoga music, and it learns what yoga music is, that is machine learning. When you talk about artificial general intelligence, where the computer is mimicking the brain to a tee that could be changing the way you live and work.
MW: In your career reporting on business news, how have you seen the emergence of AI reported? How have people been talking about it and how has the perception of AI changed in those years?
Bartiromo: I have been covering business news for 30 years. I have had a front-row seat and seen many cycles and many different innovations. When I first got into business in 1989 at CNN, we were in the middle of the individual investor revolution, where individuals were hungry for information and wanted to arm themselves with information because they thought they could make their own investment decisions. So what happened then we had a whole industry swarmed and discount brokerage firms like E*Trade, ETFC, -0.13% Ameritrade (now TD Ameritrade) AMTD, -0.43% and Schwab SCHW, -0.47% of course thrived in that. Information was peoples currently and that was the power for them to get ahead in their lives.
Also see: The rise of artificial intelligence comes with rising needs for power
From there, we saw the cycle and euphoria of the dot-com boom, so people were investing in things with a .com at the end of it because why? I dont know why. There were no revenue or earnings but the stock was trading at an enormous valuation. It was just mania where we thought we were on the doorstep of a new revolution.
Back then, a lot of companies said they didnt have a dot-com site and they didnt need to compete with Amazon. We know now you did need to compete with Amazon because if you werent online, you took a back seat. We are seeing companies look at AI and start adopting it slowly. We will see companies adopt it in a huge way because theyre going to realize they have to do this to be competitive. The first adopters will be enterprise, so companies, not the consumer, and it will be in your jobs.
See the original post:
- Researchers create innovative verification techniques to increase security in artificial intelligence and image processing - European Research Council - April 29th, 2024 [April 29th, 2024]
- Who in Europe is investing the most in artificial intelligence? - Euronews - April 29th, 2024 [April 29th, 2024]
- 4 Artificial Intelligence (AI) Stocks Members of Congress Can't Stop Buying (and Nvidia Isn't 1 of Them!) - The Motley Fool - April 29th, 2024 [April 29th, 2024]
- The Standard Names Porter Orr Second Vice President of Artificial Intelligence Strategy and Development - NRToday.com - April 29th, 2024 [April 29th, 2024]
- Meet Nvidia CEO Jensen Huang, the man behind the $2 trillion company powering today's artificial intelligence - CBS News - April 29th, 2024 [April 29th, 2024]
- This Warren Buffett Dividend King Stock Just Invested $1.1 Billion Into Artificial Intelligence (AI) - The Motley Fool - April 29th, 2024 [April 29th, 2024]
- Joe Rogan Reveals What Could Be 'Game Over for the Human Race' - Newsweek - April 29th, 2024 [April 29th, 2024]
- LegalTech Artificial Intelligence Market to Soar to $6.4 Billion by 2028: Global Long-term Forecast to 2033 - Strategic ... - Yahoo Finance UK - April 29th, 2024 [April 29th, 2024]
- Artificial Intelligence Tokens Stumble Again! Is The AI Hype Over? - Coinpedia Fintech News - April 29th, 2024 [April 29th, 2024]
- CISA unveils guidelines for AI and critical infrastructure - FedScoop - April 29th, 2024 [April 29th, 2024]
- IBM's Webinar: Cybersecurity In The Era Of Artificial Intelligence Keynotes - AiThority - April 29th, 2024 [April 29th, 2024]
- Being and becoming a good doctor in the age of artificial intelligence - Firstpost - April 29th, 2024 [April 29th, 2024]
- Pope to take part in G7 summit in June to talk Artificial Intelligence - Crux Now - April 29th, 2024 [April 29th, 2024]
- Pope Francis to attend G7 summit to speak on artificial intelligence - Catholic News Agency - April 29th, 2024 [April 29th, 2024]
- 1 Unstoppable Artificial Intelligence (AI) Stock to Buy and Hold Forever - Yahoo Finance - April 29th, 2024 [April 29th, 2024]
- Pope to bring his call for ethical artificial intelligence to G7 summit in June in southern Italy - The Associated Press - April 29th, 2024 [April 29th, 2024]
- Elon Musk Called Tesla an Artificial Intelligence (AI) Robotics Company. Does That Make It a Buy? - The Motley Fool - April 29th, 2024 [April 29th, 2024]
- Emulating neurodegeneration and aging in artificial intelligence systems - Tech Xplore - April 29th, 2024 [April 29th, 2024]
- Pope Francis to participate in G7 session on AI - Vatican News - English - April 29th, 2024 [April 29th, 2024]
- A Once-in-a-Generation Investment Opportunity: 1 Bill Ackman Artificial Intelligence (AI) Stock to Buy Hand Over Fist ... - Yahoo Finance - April 29th, 2024 [April 29th, 2024]
- Tesla Stock Investors Cheer Progress on Its Artificial Intelligence (AI) Future - Yahoo Finance - April 29th, 2024 [April 29th, 2024]
- In Race to Build A.I., Tech Plans a Big Plumbing Upgrade - The New York Times - April 29th, 2024 [April 29th, 2024]
- A Baltimore-area teacher is accused of using AI to make his boss appear racist - NPR - April 29th, 2024 [April 29th, 2024]
- 3 Top Artificial Intelligence (AI) Stocks That Billionaires Jim Simons, Ray Dalio, and Israel Englander Are Buying - The Motley Fool - April 29th, 2024 [April 29th, 2024]
- The iPad Pro can give us a big surprise with its artificial intelligence chips. - Softonic EN - April 29th, 2024 [April 29th, 2024]
- This Artificial Intelligence (AI) Stock Could Soar 70%, According to Wall Street. Time to Buy? - Yahoo Finance - April 29th, 2024 [April 29th, 2024]
- Billionaire Bill Ackman Owns 8 Stocks -- and This Hypergrowth Artificial Intelligence (AI) Stock Isn't One of Them - The Motley Fool - April 29th, 2024 [April 29th, 2024]
- Artificial Intelligence Has Come for Our...Beauty Pageants? - Glamour - April 29th, 2024 [April 29th, 2024]
- 3 Stocks to Grab Now to Ride the Artificial Intelligence Chip Boom to Riches - InvestorPlace - April 29th, 2024 [April 29th, 2024]
- Is ASML's Big Sell-off a Warning Sign to Artificial Intelligence (AI) Investors? - The Motley Fool - April 29th, 2024 [April 29th, 2024]
- 3 Artificial Intelligence (AI) Stocks to Buy With $1,150 and Hold for Decades - Yahoo Finance - March 22nd, 2024 [March 22nd, 2024]
- This combines the power of artificial intelligence with human insights - finews.com - March 22nd, 2024 [March 22nd, 2024]
- Cohere Targets $5 Billion Valuation for ChatGPT Rival - PYMNTS.com - March 22nd, 2024 [March 22nd, 2024]
- IMF: Artificial Intelligence (AI) Will Transform 40% of Jobs. Can Investors Capitalize? - Yahoo Finance - March 22nd, 2024 [March 22nd, 2024]
- Cathie Wood Is Selling These 2 Artificial Intelligence (AI) Stocks. Should You? - Yahoo Finance - March 22nd, 2024 [March 22nd, 2024]
- iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Shares Acquired by Creative Financial ... - Defense World - March 22nd, 2024 [March 22nd, 2024]
- Inaugural Plenary Meeting of States Endorsing the Political Declaration on Responsible Military Use of Artificial ... - Department of State - March 22nd, 2024 [March 22nd, 2024]
- AMD Fell Today -- Is This a Chance to Buy the Artificial Intelligence (AI) Stock? - Yahoo Finance - March 22nd, 2024 [March 22nd, 2024]
- Artificial Intelligence (AI) Stocks Are Red-Hot, but Here's 1 to Avoid (for Now) - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- A Once-in-a-Generation Investment Opportunity: 1 Artificial Intelligence (AI) Growth Stock to Buy and Hold Forever - Yahoo Finance - March 22nd, 2024 [March 22nd, 2024]
- 2 Artificial Intelligence (AI) Stocks That Could Go Parabolic - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- Artificial intelligence will radically improve health care, but only if managed carefully - The Hill - March 22nd, 2024 [March 22nd, 2024]
- Tennessee Makes A.I. an Outlaw to Protect Its Country Music and More - The New York Times - March 22nd, 2024 [March 22nd, 2024]
- When Using Artificial Intelligence In Pharma R&D, Start With Identifying Problem To Solve - HBW Insight - March 22nd, 2024 [March 22nd, 2024]
- Why Super Micro Computer, Advanced Micro Devices, and Other Artificial Intelligence (AI) Stocks Tumbled on Tuesday - Yahoo Finance - March 22nd, 2024 [March 22nd, 2024]
- 3 Billionaires Are Selling Artificial Intelligence (AI) Stock Nvidia and Buying These 10 AI Stocks Instead - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- Nvidia Just Bought 5 Artificial Intelligence (AI) Stocks. These 2 Stand Out the Most. - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- UN adopts first global artificial intelligence resolution - ARMENPRESS - March 22nd, 2024 [March 22nd, 2024]
- This New Artificial Intelligence (AI) Chip Is a Massive Game Changer for Nvidia Stock - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- Nvidia Led the First Phase of Artificial Intelligence (AI), but These 2 Growth Stocks Will Lead the Next Phases ... - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- Meet Wall Street's Newest Stock-Split Stock, Along With the Artificial Intelligence (AI) Stock Likeliest to Follow in Its ... - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- Amid Rumors of a Deal With Rivian, Apple Acquired This Artificial Intelligence (AI) Start-Up Instead - Yahoo Finance - March 22nd, 2024 [March 22nd, 2024]
- UN adopts first global artificial intelligence resolution - CGTN - March 22nd, 2024 [March 22nd, 2024]
- 1 No-Brainer Artificial Intelligence (AI) Stock to Buy With $25 and Hold for 10 Years - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- 2 Artificial Intelligence (AI) Stocks That Could Make You a Millionaire - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- Is Intel the Best Artificial Intelligence (AI) Semiconductor Stock to Buy Before It Skyrockets? - The Motley Fool - February 20th, 2024 [February 20th, 2024]
- The greater social implications of artificial intelligence - New Day NW - KING5.com - February 20th, 2024 [February 20th, 2024]
- AI comes to the world of beauty as eyelash robot uses artificial intelligence to place fake lashes - Fox News - February 20th, 2024 [February 20th, 2024]
- Beyer Appointed To Bipartisan Task Force On Artificial Intelligence - Falls Church News Press - February 20th, 2024 [February 20th, 2024]
- Why Did Nvidia Invest in These 5 Artificial Intelligence (AI) Stocks? Should You Buy Them, Too? - The Motley Fool - February 20th, 2024 [February 20th, 2024]
- Three key themes on artificial intelligence - Research Information - February 20th, 2024 [February 20th, 2024]
- How Artificial Intelligence is transforming consumerism - WFLA - February 20th, 2024 [February 20th, 2024]
- SAP names Philipp Herzig as chief artificial intelligence officer - CIO - February 20th, 2024 [February 20th, 2024]
- Unleashing the Power of Artificial Intelligence: Transforming Web-Based Applications for Enhanced Efficiency and User ... - Financialbuzz.com - February 20th, 2024 [February 20th, 2024]
- Koch Industries continues to accelerate its artificial intelligence initiative - The Business Journals - February 20th, 2024 [February 20th, 2024]
- Forget Nvidia: These 3 Artificial Intelligence (AI) Stocks Can Be the Next Stock-Split Stocks - The Motley Fool - February 20th, 2024 [February 20th, 2024]
- Artificial Intelligence for small business focus of upcoming JWCC Lunch and Learn on Feb. 28 Muddy River News - Muddy River News - February 20th, 2024 [February 20th, 2024]
- Opponents Highlight the Environmental Impact of Artificial Intelligence - News-Press Now - February 20th, 2024 [February 20th, 2024]
- Generative AI's environmental costs are soaring and mostly secret - Nature.com - February 20th, 2024 [February 20th, 2024]
- Chapter Summary: Genesis of Artificial Intelligence and a Scientific Revolution: 1950-1979 - EIN News - February 20th, 2024 [February 20th, 2024]
- What would Thomas Aquinas make of Artificial Intelligence? - ACI Africa - February 20th, 2024 [February 20th, 2024]
- ChatGPT Predicted Bitcoin Price Will "Skyrocket" - Cryptonews - February 20th, 2024 [February 20th, 2024]
- Worried About an Artificial Intelligence (AI) Stock Bubble? Consider This Billionaire Investor's Advice. - Yahoo Finance - February 20th, 2024 [February 20th, 2024]
- This Super Artificial Intelligence (AI) Stock Could Be at the Beginning of a Terrific Bull Run - Yahoo Finance - February 20th, 2024 [February 20th, 2024]
- 5 Artificial Intelligence (AI) Stocks That Could Make You a Millionaire - Yahoo Finance - February 20th, 2024 [February 20th, 2024]
- Will AI replace Colorado teachers? Here's what experts say. - The Colorado Sun - February 20th, 2024 [February 20th, 2024]
- Nvidia Could Be About to Counter a Big Artificial Intelligence (AI) Threat With This Move - Yahoo Finance - February 20th, 2024 [February 20th, 2024]
- The Healthiest U.S. Pharma Companies: Ranked by RealRate's Impressive Artificial Intelligence - Medium - February 20th, 2024 [February 20th, 2024]
- Down 84%, Is This Artificial Intelligence (AI) Stock a Buy After an Earnings Pop? - The Motley Fool - February 20th, 2024 [February 20th, 2024]
- 'AI for Humans' may be the most entertaining way to learn about artificial intelligence - Fast Company - February 20th, 2024 [February 20th, 2024]