A new survey by PwC reveals that Canadian executives are falling behind their global counterparts in embracing artificial intelligence (AI). While Canadian CEOs are optimistic about economic growth, they are yet to see significant impact from AI on their bottom line, lagging in integrating AI into their strategies, operations, and workforce development.
While the U.S. has been dominating the tech sector, Trump's latest AI venture could be pointing to the U.S.' concerns for China taking over the tech race. Eric
“While 54 per cent of CEOs last year expected improved employee efficiency from generative AI, only 45 per cent saw it. Similarly, anticipated profitability increases materialized for only 20 per cent versus a projected 29 per cent.” Domestic growth expectations were also higher at 42 per cent compared to 25 per cent the previous year.
U.S. President Donald Trump has repeatedly threatened to impose 25 per cent tariffs on all Canadian exports entering the U.S. as soon as next week.The study also found that a growing number of Canadian CEOs – 35 per cent compared to 32 per cent in last year’s study – believe their business, as currently constructed, may not be viable in 10 years.
PwC said the study also found that the majority of Canadian CEOs have recently taken climate action to create more value for their businesses, but they still lag their global peers.
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