News Explorer — CEOs Prioritize Generative AI Investments Over Upskilling Employees, Says KPMG - Decrypt

10/07/2023 00:10
News Explorer — CEOs Prioritize Generative AI Investments Over Upskilling Employees, Says KPMG - Decrypt

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Oct 6, 2:29 pm

Decrypt

CEOs Prioritize Generative AI Investments Over Upskilling Employees, Says KPMG

According to a report by KPMG, 72% of CEOs prioritize investments in generative AI, while only 43% focus on upskilling employees. CEOs have longer time horizons for ROI, with 23% expecting positive returns in 1-3 years and 62% in 3-5 years. CEOs also expressed concerns about ethical challenges, cybersecurity risks, and the lack of regulation in the AI landscape.

According to a report by KPMG, 72% of CEOs prioritize investments in generative AI, while only 43% focus on upskilling employees. CEOs have longer time horizons for ROI, with 23% expecting positive returns in 1-3 years and 62% in 3-5 years. CEOs also expressed concerns about ethical challenges, cybersecurity risks, and the lack of regulation in the AI landscape.

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