How business leaders see AI transforming work

Business leaders at the Milken Institute Global Conference 2026 discuss how AI is transforming businesses. One leader highlights Meta as a clear beneficiary due to AI improving ad returns, while another leader emphasizes the need for companies to adapt or risk disruption. No specific investment ideas beyond Meta are offered. - AI is viewed as a powerful pro-growth technology for market leaders. - Meta is identified as a key beneficiary because AI improves ad returns and drives more ad spending. - Spending on large language models at companies has increased 15-fold year-over-year. - AI implementation from research to practical use is challenging, creating opportunities for workflow companies. - Business leaders are re-underwriting their business models to incorporate AI tools. - Some companies will be major beneficiaries, others will need to adapt, and some will be disrupted. - AI is described as the utilities of the future, becoming embedded in daily life. - The conference featured a panel of business leaders sharing their perspectives on AI's impact.