Around 41 percent of executives in leading economies say they will employ fewer people within five years due to AI. Photo: PAU BARRENA / AFP/FileA 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, a study showed Friday.
Around 2,000 CEOs, chief financial officers and other executives in companies across nine countries were surveyed between October and December. "One thing that this survey helped us reflect upon is what leaders have to embark on. If us leaders are not AI ready, how can you make sure that your workforce is AI ready?" he said.
An IMF report has found that 40 percent of jobs globally will likely be impacted by AI technology. In advanced economies, the figure rises to 60 percent of the workforce.