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Stock impact report

C-suite leaders race to keep up with the rapid pace of AI before competitors take the lead [Fortune]

Vor Biopharma Inc. (VOR) 
Company Research Source: Fortune
A report by KPMG International out this morning finds that 81% of U.S. executives surveyed said it's difficult to keep up with the rapid pace of technological change—and they worry about lagging behind other companies. The top concern is market competition (73%). Meanwhile, trust in new technologies (70%), and regulatory challenges (69%) round out the top three concerns, according to the report And more than half (56%) of respondents said they often feel they don't have the budget to keep up with the fast pace. CFOs can encourage prioritizing technology investments that may have “a direct impact on revenue generation and yield significant ROI,” Sanjay Sehgal, head of markets for KPMG Advisory, told me. Finance chiefs can also urge the board and the organization to look critically at what is happening in their industry and the moves competitors are making, he said. The findings are based on a survey of 400 U.S.-based tech leaders, like chief digital officers, CIOs, CISOs, chief AI Show less Read more
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