Executives Increasingly Rely on AI, Especially Large Language Models, for Strategic Decision-Making
A recent report from Board highlights that a majority of business executives are using artificial intelligence (AI), particularly large language models like ChatGPT and Gemini, as key tools in strategic decision-making. Sixty-one percent of respondents cited these LLMs among the most influential sources for their decisions, with CFOs showing even higher adoption at 69%. This trend underscores a rapid shift toward AI-driven insights across corporate leadership. The report also reveals that reliance on AI varies by executive role and level of trust. While some executives follow AI recommendations over their own judgment when there is conflict—especially among CFOs—the technology still faces challenges in gaining full confidence, particularly for routine financial decisions. A separate study from PEX found a significant trust gap remains; only 28% of finance leaders are comfortable letting AI make such decisions. Board's survey was conducted between May and June with 300 U.S.-based C-suite executives at companies generating over $100 million in annual revenue. The findings reflect the growing influence of AI across corporate strategy, despite lingering concerns about accuracy and trustworthiness.
Topics: Artificial Intelligence Business Strategy CFOs and AI Decision-Making Tools