Nearly half of top technology officers surveyed consider AI as their top budget priority for the coming year, according to a CNBC Technology Executive Council member survey. The bi-annual poll also found that just under half of the executives believe that breakthroughs in areas like generative AI will create more jobs than they eliminate. The survey further highlights that AI surpasses cloud computing as the top priority for tech spending at many companies. - AI budgets are more than double that of cloud computing, the runner-up.
- AI investments are accelerating for nearly two-thirds of respondents, despite a slight overall spending slowdown caused by rising interest rates, according to the survey.
- The survey mentions various applications of generative AI, including writing patient safety reports, enhancing CRM, removing bias from job descriptions, and creating marketing images.
- The CNBC survey of top executives across tech sectors was conducted from May 15 to June 20.
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