GM's CFO says top executives are in a monthly race to use more AI. His team is 'middle of the pack.'

GM's CFO reveals AI competition among top executives

General Motors' chief financial officer, Paul Jacobson, revealed that executives are in a monthly race to utilize more AI in their respective functions and departments. Jacobson, speaking at JPMorgan's US All Stars Conference in London, said his team is in the middle of the pack in this friendly competition.

The finance team is competing with other top brass, such as GM's chief product officer, Sterling Anderson, who aims to shorten the design-to-production timeline using AI tools. Jacobson believes AI can help streamline GM's business, from vehicle features to quality and manufacturing.

GM has been increasing its AI adoption in various departments. The automaker's chief product officer, Sterling Anderson, said his team's goal is to accelerate the design-to-production timeline. The company has also been using AI to provide car design recommendations and alert the company of potential risks to its supply chain.

AI has become a central focus for Detroit automakers, especially as Chinese car companies expand their control over global markets with cheaper, longer-range EV technologies. Jacobson noted America as a "little bit of a safe haven" for manufacturers to escape intense Chinese competition.

Jacobson expects AI to improve GM's finance team efficiency, with 80% of their time spent on forecasting future events instead of just explaining past results. He warned that companies that fail to become more efficient using AI will fall further behind.