In the face of an unclear global economic situation, CEOs in Australia and around the world are increasingly enthusiastic about investing in generative artificial intelligence (Gen AI). This is the result of KPMG International's annual CEO outlook survey. According to the survey, 58% of Australian CEOs and 64% of global CEOs believe that generative AI is an important area for investment. The report also indicates that despite economic challenges, CEOs are optimistic about the future growth of their companies.

Zuckerberg and Ek jointly criticized the EU AI regulations, arguing that these complex rules hinder the development of open source AI in Europe and limit innovation and developer vitality. They called for simplification and unification of regulations, emphasizing that open source AI creates a fair competitive environment. Europe should leverage its single diverse market advantage to avoid missing out on technological development opportunities. Although the EU legislation exempts open source AI, the conditions limit its potential, and the transparency requirements for datasets have little impact on open source AI. Zuckerberg also stated that he is willing to release a value of 10 if it is safe and beneficial to the public.

25% of global CEOs anticipate that the deployment of generative artificial intelligence will lead to at least a 5% reduction in workforce this year. The media, banking, insurance, and logistics sectors are most likely to foresee layoffs due to advanced AI tools. 46% of CEOs expect that the use of generative AI in the next 12 months will enhance profitability. AI models are expected to have a profound impact on the economy and society.

According to an EY survey, global CEOs are confused by the uncertainty surrounding generative AI. CEOs in the U.S. face pressure to deploy generative AI, but the uncertainty surrounding the technology puts them in a 'dilemma'. CEOs recognize the need to act swiftly regarding generative AI, but an equal proportion express that the uncertainty of the technology 'hinders' them.

["A recent report from consulting firm KPMG shows that 72% of CEOs consider generative AI their company's most important investment priority.","However, 57% of CEOs prefer to allocate funds for purchasing new technologies, while only 43% focus on enhancing employee skills.","CEOs have differing expectations regarding the return on AI investments; 23% anticipate positive returns within 1-3 years, while 62% believe it will occur within 3-5 years.","Despite the optimism among CEOs about the importance of AI, they have also made it clear that..."