Despite mixed results and uneven returns on AI investments, a majority of CEOs remain committed to expanding their spending on artificial intelligence. According to Teneo’s annual global CEO survey, 68% of chief executives plan to increase their AI budgets in 2026. The findings highlight a persistent belief among business leaders that AI remains a strategic imperative, even as organizations grapple with challenges in measuring ROI and integrating AI effectively into operations. The survey, which polled executives across industries and regions, reveals that leaders continue to view AI as essential for innovation, efficiency, and competitive advantage. Many cite advancements in generative AI tools and the growing maturity of AI infrastructure as key drivers behind their optimism. Companies are investing in AI not only for automation and cost savings but also for enhancing customer experiences, accelerating product development, and unlocking new revenue streams. Still, concerns remain. A significant portion of executives acknowledge difficulties in scaling AI initiatives, aligning AI strategies with business goals, and managing risks related to data privacy, ethics, and model accuracy. Some have reported disappointing outcomes from early AI deployments, particularly in areas like natural language processing and decision-making systems. Nonetheless, the willingness to keep investing suggests a long-term commitment. CEOs are increasingly focused on building internal AI capabilities, including talent development, data governance, and cross-functional collaboration. Many are also exploring partnerships with tech providers and startups to access cutting-edge tools and expertise. The data underscores a shift in mindset: while short-term results may be inconsistent, the belief in AI’s transformative potential is strong enough to justify continued investment. As one executive noted, “The real question isn’t whether we can afford to invest in AI—it’s whether we can afford not to.”