AI is a 'top investment priority' for CEOs: KPMG survey

October 9, 2023
AI is a 'top investment priority' for CEOs: KPMG survey

Business leaders in the US are highly focused on investing in artificial intelligence (AI), with over two-thirds of CEOs considering generative AI a top priority for their companies. KPMG's survey of 400 US chief executives revealed this trend, emphasizing that AI is more than just hype and will significantly disrupt industries. Recent AI investments include Amazon's $4 billion in Anthropic, Meta's new generative AI tools, and Zoom's AI products, illustrating the AI boom in corporate America. Goldman Sachs predicts a global AI investment of approximately $200 billion by 2025, potentially peaking at 4% of US GDP. CEOs anticipate seeing returns on their AI investments within one to five years, recognizing AI's transformative potential across various sectors.

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