56% of Companies Have Seen Zero Financial Return From AI Investments, PwC Survey Says

More than half of companies haven't seen any financial benefit from their AI investments, according to PwC's latest Global CEO Survey [PDF], and yet the spending shows no signs of slowing down. Some 56% of the 4,454 chief executives surveyed across 95 countries said their companies have realized neither higher revenues nor lower costs from AI over the past year.

Only 12% reported getting both benefits -- and those rare winners tend to be the ones who built proper enterprise-wide foundations rather than chasing one-off projects. CEO confidence in near-term growth has taken a notable hit. Just 30% feel strongly optimistic about revenue growth over the next 12 months, down from 38% last year and nowhere near the 56% who felt that way in 2022.