Most AI spending driven by FOMO, not ROI, CEOs tell IBM

Only a quarter of AI initiatives have delivered the expected return on investment, according to an IBM survey of 2,000 CEOs.

The study’s findings, published amid Big Blue’s annual Think conference on Tuesday, show that despite the hype around generative AI, enterprises are struggling to get real value from the token-spewing tech. Just over half (52 percent) of CEO respondents say their organization is realizing value from GenAI investments beyond cost reduction.

Despite this, enterprises…