Alexei Alexis

The research highlights the growing challenges faced by businesses as they scramble to adopt AI and avoid falling behind competitors.

“Zoom is now about so much more than video meetings,” CEO Eric Yuan said.

Steps to overhaul spending, including AI adoption, have resulted in cost savings of more than $40 million, according to procurement chief Harold Wu.

Trump’s nominee, Paul Atkins, served as a commissioner at the SEC under former President George W. Bush.

Trump's nominee, Paul Atkins, served as a commissioner at the SEC under former President George W. Bush.

Organizations that commit 5% or more of their total budget toward AI see higher rates of positive returns compared with those spending less, EY found.

While growing at a slower pace, global mobile robot sales are still projected to reach $5.5 billion in 2024 and rise more than 20% annually up to 2030.

Nearly half of finance leaders surveyed said they were looking to bring new personnel with AI expertise into their teams.

The Fed is “going in the right direction, albeit maybe not fast enough for some,” PwC’s Liz Crego said.

The difficult climate has forced manufacturers and retailers to slow automation investment plans.