How business leaders see AI transforming work

Summary

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.