CEOs Say Yeah, AI Might Be a Bubble, But They’re Gonna Keep Shoveling Money Into the Furnace Because All Their Friends Are
Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech A new survey by accounting firm KPMG US found a contradiction in how CEOs are thinking about AI: though a full quarter of the 100 execs polled said they believe we’re in the midst of an AI spending bubble, an overwhelming 80 percent said they plan on pouring money into the tech anyway. “The sentiment about deploying AI is most certainly accelerating,” KPMG US CEO Tim Walsh told Business Insider of the dissonant findings. There was also a pretty stunning gap between what CEOs felt about their companies and about the economy overall. Though 83 percent of those surveyed had confidence in their company’s continued growth over the next year, just 55 percent felt the same about the US economy, the report found. That survey comes on the heels of another survey by Boston Consulting Group in January, which canvassed 2,360 executives across nine industries. In all, a whopping 94 percent of CEOs said they’ll continue investing in …

