All aboard for more AI investments.

Consulting firm KPMG published a new report that highlights how chief executive officers are more excited than ever about AI–all the while acknowledging some key concerns.

An impressive 72% of CEOs surveyed said that investments in generative AI is the top priority for their companies. However, that number highlights a worrying trend for human workers. A majority (57%) of respondents said they are allocating more capital to buying new technology–versus the 43% that is focused on upskilling their employees.

Indicative of the current stage that AI finds itself in, CEOs take longer time horizons when evaluating a return on these investments. KPMG reported that 23% of CEOs expect a positive ROI in 1-3 years, although the number surges to 62% when modeled to 3-5 years.

Executives are not oblivious to the concerns of the AI landscape, however, and highlighted three main apprehensions.

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Author: Pedro Solimano

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