Artificial intelligence is a top investment priority for business leaders.
More than two-thirds of US CEOs rank investment in generative AI as a primary priority for their company, according to a new KPMG survey of 400 US chief executives.
“This is not hype,” KPMG US chair Paul Knopp told Yahoo Finance Live (video above). “It will be disruptive, and CEOs are paying close attention.”
The AI boom, sparked by OpenAI’s release of ChatGPT late last year, has quickly taken over corporate America. In the last week alone, Amazon (AMZN) announced a $4 billion investment in AI startup Anthropic; Meta (META) began rolling out new generative AI tools for advertisers; and Zoom (ZM) unveiled AI products to compete with tech giants Microsoft (MSFT), which owns OpenAI, and Google (GOOG, GOOGL).
Goldman Sachs predicts AI investments will accelerate rapidly and amount to around $200 billion globally by…
