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BEGALURU: CEOs are accelerating investments into generative AI to maintain competitive advantage, according to the EY CEO Outlook Pulse 2023 survey of 50 Indian CEOs. To fund AI-related investments, 84% of the respondents are raising new capital or re-allocating it from other investment projects or technology budgets.
Over half of the respondents (62%) say the rapid pace of gen AI progress and regulatory environment restrict their capital allocation decisions related to generative AI, and CEOs globally acknowledge the impact on workforce as a key concern.However, 80% of respondents said that the uncertainty around this space makes it challenging to act quickly.
Over half of the respondents (62%) say the rapid pace of gen AI progress and regulatory environment restrict their capital allocation decisions related to generative AI, and CEOs globally acknowledge the impact on workforce as a key concern.However, 80% of respondents said that the uncertainty around this space makes it challenging to act quickly.
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