AI contract risk largely stays with buyers, survey finds
A recent survey of CIOs found that while organizations are pouring more money into new AI tools, most feel unprepared to govern them—and contracts with vendors offer little extra protection. After speaking with lawyers and industry experts, diginomica reports most of the legal and operational risk of deploying AI falls on buyers, not vendors. Roughly 65% of CIOs are spending most on AI, yet just 3% are confident their governance is ready.
- 65% of CIOs prioritize AI in 2024 budgets
- Only 3% are confident in AI governance
- Legal risk mainly stays with AI buyers
- 12% admit they're deploying faster than they can govern
Sources covering this
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