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AI Replaces Consultants: O'Leary's Bold Prediction
24 Jun
Summary
- Companies prefer AI for cost-effective solutions over consultants.
- Internal management teams now test ideas using AI, bypassing consultants.
- Consultancy is seen as a short-term career with limited growth.
Shark Tank investor Kevin O'Leary asserts that companies are increasingly choosing artificial intelligence over human consultants. He noted that businesses he supports have integrated AI to handle tasks previously outsourced to consulting firms, citing significant cost savings as the primary driver.
This shift has accelerated rapidly over the past 24 months, with companies directing their internal management teams to leverage AI for idea testing. O'Leary views consultancy as a short-term career path, useful for gaining broad industry experience but ultimately capped in growth potential.
Other AI leaders echo concerns about job displacement. Anthropic CEO Dario Amodei warns that AI could eliminate half of entry-level white-collar jobs within five years. This includes roles in law, consulting, administration, and finance, where repetitive yet variable tasks are ripe for AI automation.
