AI will be top spending priority for many technology officers over the next year

Capitol CommunicatorJune 23, 20231 min read

AI will be the No. 1 spending priority for 47% of technology officers over the next year, according to a study by the CNBC Technology Executive Council reports Email Marketing Daily.

At 21%, AI budgets are more than double the second-biggest spending area in tech: cloud computing, the study adds.

But 63% say cloud computing will be a critical area in their company’s tech strategy over the next 12 months, while 58% say the same about AI. Another 42% listed cybersecurity.

As for job security, 47% feel AI will create more jobs than it destroys, while 26% say the opposite and 26% feel it is too soon to know.

More here.

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