Vista Equity Partners CEO talks importance of diversity, tech, and opportunities in AI

2023 saw a boom in job market growth, creating 2.7 million jobs that year coming off of pandemic trends. With so many concerns around employment - from AI workplace adoption to inflation stressors on the labor market - coming off of such highs, many are wondering what kind of complications and opportunities lie in store for workers in 2024.
Vista Equity Partners Founder, Chairman, and CEO Robert Smith sits down with Yahoo Finance's Julie Hyman and Brian Sozzi from the World Economic Forum in Davos, Switzerland to examine DEI (Diversity, Equity, and Inclusion) initiatives executed for educational institutions and companies, particularly in tech.
"We are teaching and training, and we are having these large super-scaler large tech companies, saying how do we participate?" Smith explains. "How do we ensure that these students have a chance to actually contribute to the fabric of this artificial intelligence so that we actually have the ability to ensure that bias does not exist and we're taking into account all of the elements of our society so that we can actually make this a highly productive tool, and not one that's going to disadvantage certain communities."
Smith goes on to characterize generative AI as an "enabling technology," commenting on how this new wave of tech adoption may be fueling valuations in Big Tech.
It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year.
#youtube #AI #stockmarket
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[@cme1713]

We need to review Dr. Jared Ball's critique on the ECONOMIC Inequality doesn't matter how many D.E.I. programs are FORCED on CORPORATE.

[@phoenixr6811]

Good interview

[@on2thenextthing]

Someone needs to explain this to him. People are sick and tired of hearing about DEI and having everything revolve around ethnicity and skin color. Merit matters. Just hire the best people and drop all the propaganda.

[@aishaalamoudi599]

Studies are clear, DEI increases profitability. Even Chic Fil A joined..... sit and spin my friend.

[@teebone2157]

You can say whatever you want. But unfortunately, hiring trends do not support them. Hiring only the best people they do take race into consideration because some companies talk about. Shared experienyes and culture.

[@aishaalamoudi599]

@@teebone2157 research abounds, you maximize your share for a certain demo so you aim to get the other ones. Movies are a great example. Latino population is largely underserved; so putting Latino characters or known actors causes them to overindex in these films.

[@kaehil9106]

you people didn't care about this when only white people were getting hired. lol @@teebone2157

[@nyabr815]

There’s no propaganda. No one said that merit didn’t matter. When people aren’t able to receive certain job opportunities based on their race and ethnicity, then it needs to be counteracted. DEI is just a way of making sure that people that have the qualifications and skills to do these jobs successfully, are hired to do them DESPITE their skin color and NOT BECAUSE of it. Historically, that has not happened. So DEI is a way to encourage that. I’m not really sure what’s so hard to comprehend about this… You think that a man that founded a firm with $100B AUM would hire someone just because of their race and and ignore his fiduciary duties? Ignorance is bliss.