Jobs of the future will require the ‘cognitive skills’ AI hasn’t mastered, says Accenture’s chief AI officer

TOP NEWS

AROUND THE WATERCOOLER

Nicholas Gordon is an Asia editor based in Hong Kong, where he helps to drive Fortune’s coverage of Asian business and economics news.

Good morning.

I’m at Fortune Brainstorm AI in London this week, where attendees are getting a taste of the incredible array of activities that have been sparked

“There are pretty much two ways that companies deal with disruptions. One is to drive efficiencies—to get really good at what they are doing. And the other is innovation—to figure out how to do new things. We are essentially seeing both of those. The efficiency thing is easier. But innovation is the real opportunity.”

—Jaime Teevan

“It’s my personal belief that skills that humans are really good at—things like communication skills, being empathetic, doing analytical thinking, structured thinking—these are the cognitive skills that AI is not doing quite well yet. So I think we need to have humans focus on these kinds of skills in their daily job.”

—Lan Guan

I also spoke with Guy Williams, who heads the U.K. defense business for Palantir, about the extraordinary attack on Israel last weekend in which more than 300 drones and missiles were shot down before hitting their targets. Williams said the defense sector has seen a sea change from “not even 10 years, but four year, even three years ago”:

“With the introduction of computer vision, we are able to take a two kilometer

My fellow Fortune executives also took the stage to announce a new product we will be launching in June, built in partnership with Accenture, that allows Fortune

Separately, I wrote yesterday that this week and next I will be sharing quotes from CEOs about why Fortune remains relevant to them in today’s world. This is from GM CEO Mary Barra:

“The pace of change in today’s world has accelerated more than we could have imagined even five years ago, thanks to rapid developments in many forms of technology including AI. One thing that hasn’t changed is the importance of Fortune. Fortune is not only an essential

More news below.

Alan Murray.murray.com

TikTok’s links to China

Ex-TikTok employees tell Fortune that they continued to work with Chinese parent company

Tesla’s slumping sales

Tesla’s share of the U.S. electric car market has shrunk to 51%, compared to 62% at the start of 2023, according to Kelley Blue Book. Tesla’s competitors, including legacy brands like Hyundai and Ford, are increasing their market shares, even as the overall EV sector slows down. On Monday, Tesla announced it would lay off 10% of its workforce. The New York Times

The ‘stingy economy’

China’s Gen Z consumers are looking to save money amid a slower economy and stubbornly high youth unemployment. Terms like the “stingy economy” are now buzzwords on Chinese social media, as young Chinese scour online platforms, like the Instagram-like Xiaohongshu, for deals. Another shift: Younger Chinese prefer buying domestic products, rather than foreign brands. Nikkei Asia

Most companies fail at making big changes because of these critical talent mistakes

Sky-high mortgage rates aren’t just crushing homebuyers: Nearly 8 in 10 sellers regret missing the hottest market in decades, survey shows

Expert argues AI won’t lead to mass layoffs for workers anytime soon: ‘Look at when we were promised fully autonomous cars’

Lacking access to mainland Chinese investors, Hong Kong’s crypto ETFs will be ‘nickels and dimes’ compared with U.S. versions

Commentary: America is mirroring China’s tech protectionism and reversing decades of free trade doctrine. Here’s why that’s bad news for U.S. leadership

Europe is falling behind in generative AI, with the U.S. light-years ahead. But the race is just getting started

This edition of CEO Daily was curated

This is the web version of CEO Daily, a newsletter of must-read insights from Fortune CEO Alan Murray. Sign up to get it delivered free to your inbox.