NASSAU, BAHAMAS — As major U.S. corporations slash tens of thousands of jobs citing “AI efficiencies,” one Bahamian technology executive believes the rise of artificial intelligence may present more of an “opportunity than a threat” for the local economy.
Across the United States, tech and retail giants—from Amazon and Goldman Sachs to Walmart and Salesforce—have pointed to artificial intelligence as a driving factor behind widespread layoffs, even as experts question whether the technology is being used to justify deeper cost-cutting and restructuring moves.
However, Keith Roye II, Chief Operating Officer of Plato Alpha Design, says the Bahamian context is different, and AI could serve as a powerful tool for progress rather than disruption.
“In my opinion, AI and automation are definitely changing the global landscape,” Roye said. “But here in The Bahamas, I see it more as an opportunity than a threat. Many local businesses are still in the early stages of their digital journey. So artificial intelligence can definitely help boost productivity and can fill skills gaps, which doesn’t necessarily replace people.
He added: “However, the real risk, I think, here in The Bahamas is if we don’t adapt and if we don’t adapt quickly. We need to start investing in digital skills immediately so that Bahamians can be ready for the new kinds of roles AI will eventually create. Once we get that right, then these technologies could help us leap ahead rather than fall behind.”
In recent months, several multinational companies have cited artificial intelligence as a key reason behind restructuring efforts and job reductions, marking one of the fastest waves of AI-related layoffs to date. Amazon, Microsoft, Meta, and UPS have all pointed to automation and generative AI tools as catalysts for “streamlining operations” and “improving efficiency.” However, economists note that the promised productivity gains have yet to fully materialize, suggesting that AI may be as much about reshaping workforce strategy as cutting costs.
Roye notes that for economies like The Bahamas, these trends serve as both a warning and an invitation—to embrace digital transformation early and equip workers with the skills needed to thrive in an AI-driven future.
