Market & Regulation
KPMG Survey: CEO-Led AI Strategy Yields 3X ROI
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Why it matters
- →Demonstrates the impact of executive leadership on AI success.
- →Highlights the importance of strategic alignment in AI projects.
- →Suggests a trend towards collaborative AI governance.
A recent survey by KPMG indicates that companies where CEOs take ownership of AI strategy see a threefold increase in return on investment (ROI). The findings suggest that executive involvement in AI initiatives can significantly enhance their effectiveness and align them with broader business goals. The survey also notes a shift in priorities towards human-AI collaboration and governance, reflecting evolving attitudes towards AI integration in business.
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Crusoe cancels $1.25B Boom turbine deal
The collapse of Crusoe’s $1.25 billion order for Boom Supersonic’s stationary turbines exposes the fragility of AI infrastructure financing. While Crusoe raised $3.9 billion, it pivoted away from on-site gas generation, opting instead for grid power and diverse energy mixes. This signals that even well-funded data center operators are prioritizing flexibility over massive, long-term capital commitments to specialized hardware. Boom’s pivot to sell jet engines as power plants was a bold bet on AI energy needs, but losing its anchor customer suggests the market is more cautious than anticipated.
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