Artificial intelligence is increasingly taking over work traditionally handled by consultants, according to “Shark Tank” investor Kevin O’Leary, who says the shift is already changing how companies operate and whom they hire.
AI Is Replacing Traditional Consulting Work, Says O’Leary
Last week, speaking on an episode of The Founder’s Mindset Podcast, O’Leary said companies he backs are increasingly turning to AI instead of hiring consultants for specialized business advice.
According to O’Leary, businesses that once paid consulting firms to analyze issues such as retail distribution strategies or organizational structures are now asking AI systems to perform similar evaluations at a fraction of the cost.
“Even the companies that I invest in that used to use a lot of consultants for very specific vertical situations … are first going to AI, which they can do for a lot cheaper,” he said.
