AI a 'game changer' but company execs not ready: survey
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A majority of corporate executives across leading economies believe artificial intelligence will be a 'game changer' for their industry, but admit their leadership teams lack the knowledge to understand AI's risks and rewards. Around 2,000 CEOs, CFOs, and other executives in companies across nine countries were surveyed. The poll found that 61% believe AI is a game changer for their industry, with the figure rising to 82% in the tech sector and 51% among automakers. However, 57% of executives lack confidence in their leadership team's AI skills and knowledge. The rise of generative AI is expected to transform an array of jobs, simplifying tasks but also potentially taking away work done by humans. 41% of executives say they will employ fewer people within five years due to AI. At the same time, 66% said they will recruit AI specialists externally, while 34% said they will train existing staff to fill the technological gap. An IMF report has found that 40% of jobs globally will likely be impacted by AI technology. In advanced economies, the figure rises to 60% of the workforce.

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https://www.legit.ng/business-economy/technology/1586664-ai-a-game-changer-company-execs-ready-survey/