McDermott's comments are consistent with other recent reports on the state of AI. A McKinsey Global Institute report from earlier this year found that AI could add up to $5.8 trillion to the global economy by 2030. And a recent survey by PwC found that 86% of CEOs believe that AI will be critical to their company's success.

It is clear that AI is a technology that businesses can no longer afford to ignore. Those that are able to effectively leverage AI will be well-positioned to succeed in the years to come.