Good morning. I’ve long thought of Daniel Dines as a kind of philosopher king in business. Growing up in Romania, the billionaire co-founder and CEO of UiPath wanted to be a novelist. Even after he’d created a leading platform for robotic process automation, he’d often start his day with a book, sometimes followed by a nap before turning on his computer. Whether giving advice to entrepreneurs or talking about founder mode, Dines will often insert references to writers like Friedrich Nietzsche or Jack London.
So, when I learned that Dines has written a book called The Work That Remains with Claude and ChatGPT (which you can download here), I was intrigued to find out more. It’s a book about how humans and AI will work together, with Dines outlining a model in which AI proposes, humans decide, and automation executes. It’s 168 pages, around 40,000 words, and can of course be distilled to an AI summary or a haiku. Such are the wonders of technology.
When speaking to Dines, I was less interested in his conclusion than how he arrived at it through AI. “It was really like a Socratic dialogue,” he told me, with each session involving a series of hypotheses, challenges and instructions. “I used two models and did adversarial prompts: This is the theory. Read this article. Create opposing views … The book grew at one point to be almost 100,000 words. AI is extremely verbose, so the real work was cutting it down.”
Those interactions were intense but iterative, with his thesis taking shape over three years as he took time to reflect, observe, read, refine and run a business. “When I started, I didn’t have such a clear idea of where I wanted to land. The ideas I got came through the process of writing the book. Our company strategy, the book, they evolved together,” he said. “I had many evenings and mornings where I couldn’t wait to wake up and write. I was in a complete state of flow. You have to be immersed and challenged and work together and consider it as a partner.”
And what did he learn about the limits of AI? First, that it’s only as good as the data it’s trained on, which makes it better at dealing with a known math problem than a novel idea. Second, that challenging feedback is critical for both AI and humans to avoid hallucinations and getting stuck in a rut. Thoughtful collaboration can work. “I have ideas, but I don’t have the time and the talent to put them on paper in a structure, in a manner that can be consumed by the public at large,” he said.
Contact CEO Daily via Diane Brady at [email protected]
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Diesel shortage fears grow
Oil climbed above $101 a barrel and U.S. diesel rose above $200 a barrel as tanker traffic through the Strait of Hormuz slowed and fuel inventories fell to critical levels. Analysts warned that diesel shortages could become more common in Europe and South Asia, adding to inflation pressure and raising the prospect of further interest-rate hikes.
The markets
S&P 500 futures are up 0.12% this morning. The last session closed down 0.48%. The STOXX Europe 600 was down 0.20% in early trading. The U.K.’s FTSE 100 was down 0.42% in early trading. The Nikkei 225 was up 0.20%. South Korea’s KOSPI was down 0.25%. China’s CSI 300 was down 0.53%. Hong Kong’s Hang Seng was down 1.27%. India’s NIFTY 50 was down 0.17%. Bitcoin is down at $78k.
Around the watercooler
Anthropic researcher resigns, warning that AI companies are ‘gambling with our lives’ by Beatrice Nolan
This CEO isn’t sure about financial nihilism, but he’s horrified by sports gambling online. So this football season, he’ll pay you not to do it by Nick Lichtenberg
17 states have an ‘unusual’ problem in big price-fixing settlement: Distributing 53 million free eggs to Americans by Sasha Rogelberg
Microsoft’s move in the AI school debate: controls over how student data gets used by Catherine Gioino
CEO Daily is curated and edited by Joseph Abrams, Jason Ma, Claire Zillman, and Lee Clifford.
