Generative AI to have 'positive impact' on Irish economy, say business leaders 

Latest PwC GenAI Business Survey found that while majority of leaders are positive about AI, an overwhelming majority believe it will increase cybersecurity risks

Surveying 100 Irish businesses, PwC also found evolving views of the macroeconomic impact of GenAI on jobs. While 55% of respondents believed there will be an increase or no net impact on jobs as a result of GenAI, this is down from 83% reported last November. 

More than 80% of Irish business leaders expect generative AI to have a positive or transformative impact on their business in the next five years, PwC's latest GenAI Business Survey has found.

Up from just 74% last year, the expected positive impacts of Gen AI include increased efficiencies in their employees time at work, significant changes in the way organisations will create and deliver value, increased efficiencies in business leaders' own time at work and improvements in the quality of an organisation’s products and services.