<ul><li>The Wharton AI Report for 2024 reveals a surge in generative AI adoption, with 72 percent of decision-makers using generative AI at least once a week.</li><li>Generative AI budgets have increased by 130 percent since 2023, but growth is stabilizing with more modest increases anticipated in the next year.</li><li>Generative AI is now widely adopted across business functions, with IT seeing the highest impact and other departments experiencing more moderate impacts.</li><li>Companies are restructuring to accommodate generative AI, with the emergence of Chief AI Officer (CAIO) roles.</li><li>Market leaders in generative AI include Microsoft and Google, but specialized capabilities in niche or industry areas could reshape vendor perceptions.</li><li>Strategic and measured adoption of generative AI is crucial for businesses to leverage its transformative potential.</li><li>The next few years will determine how generative AI reshapes business processes, productivity, and competitive landscapes.</li><li>AI technology is now about practical, measurable business value creation.</li></ul>

How Leaders Adopt Generative AI

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