Adapting to Crisis

Two-Thirds of Business Executives Say Covid-19 Hasn't Slowed AI Projects

Some 40% even said the pandemic even accelerated their efforts

Illustration of a brain as a computer chip — AI budgets are on the rise despite the pandemic.Pixabay

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While the Covid-19 pandemic and subsequent recession have prompted many businesses to put nonessential projects on hold, close to 70% of executives surveyed in a recent report said the situation hasn’t had an effect on artificial intelligence efforts at their companies.

The stat comes from a survey of 347 business leaders across a variety of industries conducted by Australian AI data company Appen. While about 31% of respondents said the pandemic has either somewhat (24%) or significantly (8%) delayed AI strategies, about 41% said the pandemic had actually sped up such efforts.

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