> I think we're still a ways away from CEOs admitting that AI actually can't cut the cost of human capital in half
On the contrary, I think it certainly can. In the sense that productivity per person can be doubled. You could fire half your workforce and do nearly the same output.
Trouble is, everyone who does that will get outcompeted by everyone who didn't fore their workforce, and instead doubled their output.
We've seen it before with factories and computerization.
I think we're still a ways away from CEOs admitting that AI actually can't cut the cost of human capital in half.