The billionaire founder and CEO of Vista Equity Partners makes plea to businesses adopting AI: ‘Don’t destroy your intern program’

June 15, 2026 - 20:54

The billionaire founder and CEO of Vista Equity Partners, Robert F. Smith, is asking business leaders to think carefully before replacing their intern programs with artificial intelligence. Speaking from his experience in the technology sector, Smith argued that young people still need a place in the workforce, even as companies rush to adopt new tools.

Smith warned that cutting entry-level positions or internships in favor of automation could create long-term problems. He said that interns bring fresh perspectives and help build the next generation of talent. Without these programs, businesses risk losing the human pipeline that feeds innovation and leadership.

He acknowledged that AI can improve efficiency and reduce costs, but he stressed that it should not come at the expense of developing people. Smith encouraged executives to find a balance, using AI to handle repetitive tasks while keeping young workers involved in meaningful projects. He believes that mentorship and hands-on experience remain essential for building skilled teams.

The message comes at a time when many companies are experimenting with AI to replace roles traditionally held by junior staff. Smith's comments serve as a reminder that technology should support people, not push them out of the door before they have a chance to learn.