The Growing Importance of AI in Business: CEO Survey Reveals Top Investment Priority

According to a survey by KPMG, artificial intelligence (AI) is a top investment priority for CEOs, with more than two-thirds of US chief executives ranking investment in generative AI as a primary focus. The AI boom, fueled by recent developments such as OpenAI's ChatGPT, has gained momentum in corporate America, with companies like Amazon, Meta, and Zoom making significant AI investments. Goldman Sachs predicts that global AI investments will reach $200 billion by 2025, and Jefferies senior analyst Brent Thill sees Microsoft, Amazon, and Google as the winners in this space. However, while businesses are prioritizing AI, it may take some time for these investments to yield returns.