EY: Execs double down on AI

Sheryl_Wharff

After more than a year of hype around generative AI's potential, business leaders report that they are already seeing a return on their artificial intelligence (AI) investments and plan to increasingly become more bullish, according to new data from Ernst & Young. Among the 95% of senior leaders who report that their organizations are currently investing in AI, the number of companies investing $10 million or more in the technology is set to nearly double next year to 30%, up from 16% currently investing at that level. However, despite the forecasted investment boom, the survey also found that many leaders are ignoring the foundational functions AI needs to thrive.

The new EY AI Pulse Survey is the first in a series that asked 500 US senior leaders across industries about their AI technology investments, impacts and challenges.

Read more here …https://outlookseries.com/A0764/Infrastructure/3721_EY_Execs_double_down_AI.htm

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