First AI came for the admin workers
And I did not speak out
Because I was not an admin worker

Then AI came for the coders
And I did not speak out
Because I was not a coder

Then AI came for the CFOs
And there was no one left
To speak out for me

The lowdown

• 🔋 Elon Musk wants 25% voting control at Tesla before going big on AI.

• 🍻 Uber is shutting down alcohol delivery app Drizly.

• 💰 General Atlantic is buying UK infrastructure firm Actis to create a $96 billion investor.

Featured story

AI is coming for CFOs, PwC warns

CFOs are difficult people to fire. It’s never a good look if your finance chief goes, and you’re never going to get sick of maximizing profits. But CEOs are increasingly seeing that role falling to AI, according to a new study by PwC.

About 68% of US CEOs surveyed said they saw generative AI increasing the amount of work employees can do in the next 12 months. Nearly 44% expected the technology to provide a net increase in profits over the same period.

"What’s alluring about GenAI is its dual ability to produce efficiency gains that hold down current expenses while simultaneously enabling company reinvention,” the report said.

PwC’s UK boss has also advised younger workers to spend more time in the office to get quicker promotions. Speaking at the World Economic Forum in Davos, Kevin Ellis said AI was set to take over routine tasks typically given to junior employees.

“It’s a lot more face-to-face time being important and a lot more developing,” he said. “I’d be in the office four to five days a week.”

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Off-balance sheet items

• Thinking of quitting your job to live the van life? Don’t.

The bottom line