The survey also found that AI is viewed as both a strength and a means of streamlining corporate processes. However, concerns about AI leading to misinformation and cybersecurity threats were also raised. Regarding climate change, the PwC poll states it is the most significant megatrend forcing CEOs to reimagine their businesses. While many are working towards increasing energy efficiency and developing climate-friendly products or services, only 31% stated they had plans to address climate risks in financial planning. Despite these concerns, executive confidence in the economy increased to 38% from 18% the previous year.
Key takeaways:
- Around 45% of 4,702 worldwide CEOs surveyed by PricewaterhouseCoopers (PwC) do not think their companies would survive in the next ten years without major changes, with AI advancements and climate change being major concerns.
- Over 75% of the CEOs anticipate a major impact on their organization from AI within the next three years, and 4 out of 10 CEOs accepted lesser profits for climate-friendly investments.
- Despite the concerns, executive confidence in the health of the economy increased to 38% from 18% the previous year.
- A new AI model named "life2vec" has been unveiled by researchers, which can predict various aspects of an individual's life, including death.