Security News > 2023 > May > EY survey: Tech leaders to invest in AI, 5G, cybersecurity, big data, metaverse

Economic perils notwithstanding, 94% of tech leaders are committed to investing in new tools and technologies, including AI, according to a survey by EY. The new poll suggests tech leaders view this investment strategy, particularly for cybersecurity, as a way to weather geopolitical uncertainty and the economic downturn.

Ken Englund, the technology, media and telecommunications leader for EY Americas, said in the press release about this EY survey that the results suggest resiliency in the face of buffeting uncertainties.

Ninety percent of the tech leaders polled said their companies are working on generative AI functionality similar to ChatGPT, and 80% of respondents said they will increase investment in various forms of AI in the next year, in spite of calls this year by such tech luminaries as Elon Musk and Yoshua Bengio, an originator of artificial neural networks, for a moratorium on the development and deployment of such systems.

More than half of tech executives whose companies are experimenting with generative AI said they are doing so for economic savings.

The study also found that while 78% of tech executives are more concerned about the cybersecurity threats of today compared to the cybersecurity threats of one year ago, "Our pulse poll reveals a positive outlook - with no signs of a lag in innovation for technology companies," said Englund.

The April 2023 poll of 250 U.S. tech leaders was conducted by Atomik Research and commissioned by EY US..

News URL

https://www.techrepublic.com/article/tech-investments-ai-5g-cybersecurity-big-data-metaverse/