CEOs worry about an AI bubble, but most still plan to ramp up spending

jjslash writes: Even as concerns grow that artificial intelligence could be the next tech bubble, corporate leaders are continuing to pour money into the technology. A recent survey of 100 CEOs by KPMG found that while one in four believe an AI bubble may exist, nearly 80% still plan to allocate at least 5% of their companies' capital budgets to AI initiatives this year.

Despite all this investment and commitment to the technology, about three-quarters of large-company CEOs said generative AI might have been overhyped over the past year, but its true impact over the next five to ten years is likely underappreciated.