UK chief financial officers turn more hopeful about AI


FILE PHOTO: AI (Artificial Intelligence) letters and robot hand miniature in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration//File Photo

LONDON, July 20 (Reuters) - ⁠The finance bosses at many of Britain's biggest ⁠companies are more optimistic about the impact ‌of artificial intelligence on their businesses and a bit less worried about risks from geopolitics, according to a report published on ​Monday.

The survey of UK chief financial ⁠officers by accountancy ⁠firm Deloitte found 73% were optimistic about AI improving ⁠their businesses' ‌performance, up from 59% at the end of last year and 39% two ⁠years ago.

The survey also showed:

• The average rating ​on a ‌scale of 0-100 about geopolitical concerns fell to ⁠68 from ​79 at the start of 2026

• Worries about poor productivity and weak competitiveness in the UK economy were ⁠little changed at 63

• Concerns ​about higher energy prices or disruption to energy services fell to 60 from 70 in the first quarter ⁠of 2026

• "The global economy has so far weathered the shock from the conflict in Iran better than many had feared. However, concerns over geopolitics and domestic ​competitiveness remain elevated. CFOs continue ⁠to prioritise cost reduction and cash control in this ​environment," Deloitte UK Chief Economist ‌Debapratim De said

• 58 CFOS ​were surveyed between July 1 and July 13

(Writing by William Schomberg; editing by David Milliken)

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