59% of senior executives feel threatened by artificial intelligence

According to a new Pactum survey of 100 senior executives conducted by Vanson Bourne, 97% said they plan to invest significantly in artificial intelligence this year, with 83% of respondents saying they will spend over $500,000 on the technology. Of that group, 10% anticipate spending over $50 million. "Over the past year there has been a shift in attitudes towards AI and its uses," Martin Rand, CEO of Pactum, said in a statement. "Many companies around the world have turned to technology to help bolster its business processes. It is great to see this positive shift in attitudes towards the use of AI within business and see how organizations can succeed by combining the right technology solutions with the right people."