Issue Technology: sovereign requirements turn multinationals into targets

Summary

This issue looks at the technology sector, where EY says the AI-first enterprise has already arrived. More than half of technology companies consider themselves leaders or fast followers in AI adoption, and almost all are prioritizing new partnerships to fund and support their AI investments. At the same time, operating globally is becoming harder. Requirements for sovereign cloud and sovereign AI are turning technology multinationals into geopolitical targets and unsettling what it means to do business across borders. The move toward pricing based on outcomes also calls for new ways of calculating return on investment. EY warns that firms still judging success by traditional metrics will find it hard to demonstrate the value that AI creates.