Honeywell CEO Vimal Kapur Sees AI as Solution to Labor Shortage, Sees AI Co-Pilots Working Alongside Skilled Labor.
Honeywell CEO Vimal Kapur highlighted AI's role in addressing the industrial labor shortage at CNBC's AI Opportunity Summit. Kapur emphasized AI's potential to reduce the 15-year training period for complex roles to just five years with AI co-pilots rather than focusing on consumer-facing features or displaced office workers. Kapur believes the key challenge is the shortage of skilled labor, which AI can help alleviate, allowing Honeywell to generate more revenue. He predicts significant AI adoption in industries in the next two years.
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00:00It's Benzinga, and here's what's on the block.
00:03Honeywell CEO Vimal Kapoor highlighted AI's role in addressing the industrial labor shortage
00:07at CNBC's AI Opportunity Summit.
00:10Kapoor emphasized AI's potential to reduce the 15-year training period for complex roles
00:15to just five years with AI co-pilots rather than focusing on consumer-facing features
00:20or displaced office workers.
00:23Kapoor believes the key challenge is the shortage of skilled labor, which AI can help alleviate,
00:28allowing Honeywell to generate more revenue.
00:30He predicts significant AI adoption in industrials in the next two years.
00:34For all things money, visit Benzinga.com.