AI Investments to Double by 2026, CEOs Leading Charge

Companies are planning to double their investments in Artificial Intelligence (AI) by 2026.

CEOs are increasingly taking charge of AI decision-making and strategy.

In India, 88% of leaders are optimistic about AI delivering positive returns, and 97% of organizations will continue investing in AI even if returns do not materialize in the next 12 months.

However, only 36% of the Indian workforce is currently skilled in AI, compared to 44% globally.

The report also highlights that AI is reshaping business strategy and operations from the top down.

Meanwhile, a Cognizant report suggests that AI is capable of handling $4.5 trillion in US work tasks and impacting 93% of jobs today, but human involvement and adaptable operations are vital to capturing the full value potential of AI.

The average exposure score across jobs is 39%, and these scores are increasing by 9% annually.

Roles in computer and mathematics are no longer the most exposed to AI, while manual labor jobs like transportation and construction are seeing faster rates of impact.