Oireachtas Joint and Select Committees

Wednesday, 15 May 2024

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Impact of Artificial Intelligence on Businesses: Discussion

Dr. Loretta O'Sullivan:

In EY we work with a lot of inward investment. Regarding the wider competitiveness in Ireland and our place on the world stage in punching above our weight, we do a survey every year on FDI attractiveness and what makes Ireland attractive. We ask the investors about technologies. Typically, cyber tops that list and AI has been moving up it. It went from 32% in our previous survey to 38% in our current survey which will be published in a couple of weeks. As it is here and it is moving up, we need to be on board with it. As the other witnesses have said, we need to do that in a fair and responsible way. It is about balancing innovation and regulation and taking everybody forward with this.