CEOs in Latin America are upbeat about the opportunities presented by artificial intelligence (AI) but many are holding off on investing in such projects, according to a new study.
According to PwC’s 22nd Annual Global CEO Survey, the belief that AI will have a greater impact than the Internet is shared by 65 percent of the region’s leaders – one of the highest rates in the world ahead of the average in Europe and North America.
Business leaders in North America tend to be more skeptical about AI, with 35 percent of CEOs ‘disagreeing’ or ‘strongly disagreeing’ that AI will have a larger impact than the internet revolution.
Latin CEOs are more bullish about the potential of AI, however, 28 percent of the executives polled in the region do not plan to implement AI initiatives at this time and 34 percent will introduce AI at some point in the next three years.