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Artificial Intelligence (AI) has emerged as a transformative force in the corporate world, shaping the agendas of corporate boards across industries. With advancements in AI technology, businesses have realized the immense potential it holds in enhancing decision making, strategic planning, governance, and future-proofing their operations. This article aims to delve into the various facets of AI and its rising importance on corporate boards' agendas.

Artificial Intelligence (AI) has emerged as a transformative technology in recent years. With its ability to analyze vast amounts of data and make predictions, AI has revolutionized various industries, from healthcare to finance. To gain a comprehensive understanding of the current state of AI investment and its future potential, the 2023 McKinsey Global AI Survey was conducted. The survey, which gathered responses from industry leaders and experts, offers valuable insights into AI investment trends and strategic approaches. In this article, we will delve into the key findings of the survey, explore the current state of AI investment, discuss future projections, and examine the impact of AI investment on business performance.