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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

1

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

2

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
MagazineFortune 500

Fortune 500 CEOs aren’t afraid of A.I.—but an impending recession is another story

Alan Murray
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Alan Murray
Alan Murray
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Alan Murray
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Alan Murray
Alan Murray
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June 2, 2023, 5:15 AM ET
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The Fortune 500 CEOs in our annual survey have spent much of the past two years solving labor puzzles—struggling with talent shortages while seeking a balance between remote and in-office work. Inflation and a slowing economy have led to layoffs, and many CEOs see recession as a looming threat to livelihoods. But advances in artificial intelligence are prompting these leaders to think differently about productivity. Many are already using generative A.I. Very few see technological change as a top worry. And three-quarters of CEOs expect that A.I. will result in their needing fewer workers in five years—a shift that will create its own social and managerial challenges.

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Poll conducted May 1–10, 2023

A version of this story appears in the June/July 2023 issue of Fortune with the headline, “CEOs leap into the A.I. unknown.”

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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