264 views

Seven in 10 CEOs say businesses not doing enough to address AI consequences

An EY study showed that more than half of CEOs want to focus on ethical AI.

More than 70% of CEOs in Singapore surveyed are worried that businesses are not doing enough to manage the unintended consequences of AI, the latest EY research showed.

More than half of CEOs (53%) said the business community should focus on ethical AI.

On AI usage, 90% of CEOs in the city-state revealed that they are using AI in their capital allocation, of the percentage, 40% are investing in it whilst 50% are planning to make investments in AI in the next full-year.

When it comes to job security, 68% said they believe the impact of AI replacing humans in their businesses will be counterbalanced by new roles and career opportunities.

The research also found that all Singapore CEOs interviewed expect to actively pursue strategic transactions in the next 12 months.

Over 1,200 CEOs, including 40 from Singapore, were polled in the EY survey.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!