A KPMG poll showed that 50% of companies plan to spend $100 million on AI projects in the next 12 months, with 20% planning to invest at least $250 million. Research by PYMNTS Intelligence also found that 78% of CFOs plan to increase their investments in generative AI (GenAI), with the share of companies using AI for medium-impact functions rising from 35% in March to 45% in June. This indicates a shift from using AI for basic tasks to integrating it more strategically into operations.
Key takeaways:
- KPMG plans to spend $100 million over the next four years on its enterprise AI services, as part of a partnership with Google Cloud.
- Most of the investment will be spent on in-house projects that use Google’s technology, such as developing AI agents and training KPMG staff in the technology.
- A KPMG poll showed that 50% of companies planned to spend $100 million on AI projects in the next 12 months, with 20% planning to invest at least $250 million.
- Research by PYMNTS Intelligence shows that 78% of CFOs plan to increase their investments in generative AI (GenAI), with the share of companies using AI for medium-impact functions increasing from 35% in March to 45% in June.