CEOs Express Concern Over Job Cuts and Cybersecurity Risks Due to AI

A PwC survey of global chief executives revealed that a quarter of them anticipate job cuts of at least 5 percent due to the deployment of generative artificial intelligence in 2024, with industries such as media, banking, insurance, and logistics being most likely to experience reductions. While 46 percent expect generative AI to boost profitability, 47 percent foresee little or no change. The survey also highlighted concerns about cyber security and disinformation, as well as a growing focus on addressing the challenges and opportunities of the climate transition. Executives are increasingly planning to deploy generative AI, with 58 percent expecting it to improve product/service quality and 69 percent acknowledging the need for employees to learn new skills.