<ul data-eligibleForWebStory="false">Dan Priest, PricewaterhouseCoopers' first chief AI officer, emphasizes the importance of CEOs developing an AI strategy to stay competitive.Generative AI is reshaping industries, challenging leaders to adapt quickly to maintain a successful business.Priest highlights the need for investing in AI tools, reskilling employees, and combining human oversight with AI applications.While many corporate leaders are embracing AI in theory, executing successful AI strategies remains a substantial challenge, according to Priest.