"Many businesses are now using generative AI tools to assist with mergers and acquisitions (M&A), a new study from Deloitte found. Based on a survey of 1,000 senior business leaders, the study found that 86% of respondents said their organizations have already incorporated generative AI into their M&A processes. The majority of those (65%) have started to do so within the past year, signaling a rapidly escalating trend that reflects a broader embrace of the technology throughout the private sector as new AI tools promise big productivity gains."
"There's some trepidation surrounding the use of generative AI for M&A, though. According to the study, data security was the most prominent concern, cited by 67% of respondents, followed by data quality (65%), model reliability (64%), ethics and bias (62%), and other factors."
"According to Deloitte, the spike in businesses that have been fusing generative AI into their M&A workflows over the past year shows "investment is shifting from pilots to execution, as leaders seek measurable returns and anticipate further increases in [generative AI] spending.""
Eighty-six percent of senior business leaders report their organizations have incorporated generative AI into M&A processes, with 65% beginning within the past year. Data security is the top concern at 67%, followed by data quality (65%), model reliability (64%), and ethics and bias (62%). Fifty-seven percent of organizations are investing in upskilling and training to prepare teams for safe and competent AI use. Businesses are moving from pilots to execution and expecting increased generative AI spending. Generative AI can assist with complex legal, financial, and personnel tasks but raises risks such as model misbehavior and data exposure that require governance and training.
Read at ZDNET
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