4 of 5 CEOs increase generative AI spends: Research

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4 of 5 CEOs increase generative AI spends: Research

BEGALURU: CEOs are accelerating investments into generative AI to keep up aggressive benefit, in response to the EY CEO Outlook Pulse 2023 survey of fifty Indian CEOs. To fund AI-related investments, 84% of the respondents are elevating new capital or re-allocating it from different funding initiatives or expertise budgets.
Over half of the respondents (62%) say the speedy tempo of gen AI progress and regulatory setting limit their capital allocation selections associated to generative AI, and CEOs globally acknowledge the influence on workforce as a key concern.Nevertheless, 80% of respondents stated that the uncertainty round this area makes it difficult to behave shortly.