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AI Investment and Agent Deployment Hold Steady Amid Growing Focus on Pragmatism

  • Only 26% of organizations have real-time cost visibility into running AI at scale.
  • Agent deployment holds above 50% with more organizations shifting toward orchestrating multiple agents across workflows.
June 24, 2026

New York, NY, June 24, 2026 – As investment in AI and agent deployment holds steady, an emerging challenge is coming into focus: the economics of running AI at scale. KPMG LLP, the U.S. audit, tax and advisory firm, released its latest AI Quarterly Pulse Survey, which finds that while two-thirds of organizations have monitoring dashboards (66%) and approval processes (61%) in place, only 26% report full, real-time visibility into what their AI systems cost to operate.

“AI agents are changing both the operating model and the economics,” said Rahsaan Shears, AI Enterprise Transformation Leader at KPMG LLP. “As organizations shift from isolated deployments to coordinated, enterprise-wide use, good governance is what ties scale, performance and value together.”

While agent deployment this quarter is on par with last quarter (53% compared to 55%), the percentage of organizations orchestrating multiple AI agents across workflows doubled from 9% to 18%, pointing to a shift toward more coordinated, enterprise-level use to connect workflows across teams, systems and decisions. Organizations are using agents to align shared goals and success metrics across functions (64%), support joint decision-making (49%), and automate cross-functional workflows (48%).

AI Quarterly Pulse Survey: Q2 2026

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From operational discipline to organizational friction

As organizations push further into agent-based models, employee resistance has increased to 20%, up from 5% last quarter. The nature of that resistance, however, has shifted.

Resistance is increasingly driven by trust and ethical considerations (53%), while concerns around increased workload or complexity have nearly doubled, rising from 28% to 51%. At the same time, concerns over skills gaps have eased, dipping from 76% to 57%, alongside a sharp decline in concerns about insufficient training or support (from 53% to 27%). Concerns about job security have also moderated, falling from 67% to 55%.

At the same time, some organizations are experimenting with unconventional and often counterproductive ways to drive usage. "Token-maxxing," a practice that gamifies token consumption through incentives and leaderboards, has emerged as a controversial culture hack. While 41% of leaders say they would consider it, sentiment remains mixed with many cautioning against equating activity with impact (22% opposed and another 37% neutral on the practice).

“Token-maxxing presents a classic risk of incentivizing activity over outcomes,” said Edwige Sacco, Head of Workforce Innovation at KPMG LLP. “What starts as a productivity metric can quickly become a distraction. In the short term, it deteriorates value; in the long term, it undermines culture.”

Value over volume 

In an era where operational discipline matters as much as driving usage, learning to use AI effectively takes on new importance. “The organizations best positioned to derive the most value from the tokens they use are the ones building the habits, skills and governance structures that make every interaction count,” continued Shears.

Nearly half of leaders (47%) say employees who use AI effectively are already outperforming their peers, a clear signal that the competitive advantage aligns to how well people use AI to create organizational value.

The KPMG Quarterly AI Pulse Survey in the U.S. captured perspectives between April 28th and May 25th from 204 U.S.-based C-suite and business leaders representing organizations with annual revenue of $1 billion or more. More than a third have revenues of $10 billion or more. The US insights are part of KPMG’s Global AI Pulse research.

Additional findings from the KPMG Q2 AI Quarterly Pulse Survey are below: 

  • Leaders plan to invest a weighted average of $202 million over the next 12 months, on par with last quarter’s $207 million.
  • 35% of leaders say that AI cost management and economic literacy – including understanding usage-based pricing models such as token and inference costs – remains a barrier.
  • While two-thirds of organizations have monitoring dashboards (66%) and approval processes (61%) in place, fewer have implemented direct token/usage controls (36%), indicating that true token-level management is still maturing.
  • 32% say CEO or an executive committee member is accountable when making a business decision. 34% say it’s another member of the C-suite.
  • Upskilling and reskilling remains the top strategy to meet the needs of an AI-enabled workforce for the second quarter (65%).
  • 65% say teaching prompt and instruction skills remain the most important way to train employees to work productively with AI agents.
  • When asked how much more they would pay for candidates with strong AI skills, 40% of leaders said they would offer a 6–10% premium, while 38% said they would pay 11–15% more compared with candidates without those capabilities.
  • 54% agree or strongly agree that in today's labor market, strong social and interpersonal skills are more important for career success than strong mathematical or technical skills.
  • 55% expect increasing levels of AI fluency within their organization and roles will change for employees who do not adopt these capabilities over time.

Industries Spotlight

The KPMG Quarterly AI Pulse Survey — Industries captures insights from 100 U.S.-based C-suite and senior business leaders in each of three industries: Banking, Technology, and Asset Management and Private Equity, all from organizations with annual revenues of $1 billion or more. The survey was fielded from May 4 to June 2, 2026.

Technology | For technology companies, AI scale is no longer just about deployment — it’s about coordination, control, and value.

Chad Seiler, KPMG US Industry Leader, Technology, Media and Telecommunications, said: “AI is moving from a tool people use to a system companies run on. For tech companies, the next challenge is not more experimentation. It is coordinating agents, workflows, controls and economics across the enterprise. The companies that win this cycle will be the ones that convert AI activity into measurable value with discipline, governance and speed.”
 
Kevin Bogle, KPMG US Advisory Leader, Technology, Media & Telecommunications, said: “We’re at an inflection point for the workforce: while only 2% of tech leaders report resistance to AI agents, concerns around reskilling and job security still linger. As the majority signal growing adoption and acknowledge expectations for employees to become AI fluent, it’s critical to rethink how tasks are executed by embedding human-machine collaboration into everyday work.”
 
  • 54% of tech leaders say operating costs of AI systems are fully visible and actively monitored today.
  • 77% agree or strongly agree their organization’s CEO actively owns AI as a strategic business priority, with clear accountability for AI related outcomes across the organization.
  • 74% of tech leaders identify aligning shared goals, KPIs, and success metrics across function as the top way AI agents are facilitating collaboration across functions within the organization.
  • Top three factors influencing AI strategy in the next 6 months include: Data security/privacy/risk concerns (99%); need to improve customer experience and engagement (92%), a 25 ppt increase QoQ; access to lower cost, high fidelity technology/Large language models (90%), a 40 ppt increase QoQ.

Banking | In banking, AI scale, speed, and value are defined by governance.

Peter Torrente, KPMG US Sector Leader, Banking & Capital Markets, said: “Banks are making deliberate progress in scaling AI across the enterprise. With AI agent deployment and executive ownership in place, the focus is shifting to data maturity, governance discipline, and workforce readiness, which are quickly becoming the defining factors separating early movers from those still finding their footing.”

Chris Long, KPMG US Advisory Leader, Financial Services, said: “Ambition for banks is no longer the barrier, execution is. Gaps in cost transparency and governance are becoming more visible, particularly as AI agents are deployed more broadly across the enterprise. At the same time, continued workforce caution highlights that value creation depends as much on upskilling and effective change management as on the technology itself.”

  • Only 31% of banking leaders say operating costs of AI systems are fully visibly today; 58% say costs are somewhat visible.
  • The average projected investment for banking organizations over the next 12 months has been steady at $170 million since Q1 2026.
  • Employee adoption of AI agents increased quarter over quarter to 56% from 23% in Q1 2026.
  • 68% of banking leaders agree or strongly agree that their organization’s CEO actively owns AI as a strategic business priority, with clear accountability for AI related outcomes across the organization
  • The biggest challenges for deploying AI agents for banks include data readiness (63%), complexity of agentic systems (49%), human oversight skills (41%), workforce resistance to change (36%), and AI cost and economic literacy skills (30%).
  • AI agent resistance from employees is largely due to increased workload or complexity (58%) and concerns about job security (58%). Additional resistance is contributed to skills and capability gaps (53%), and trust, ethical, or transparency concerns (43%). 

Asset Management & Private Equity | Asset Managers and Private Equity firms begin to unlock cross-functional value from AI, while scaling remains measured.

David Neuenhaus, KPMG US Line of Business Leader, Asset Management & Private Equity, said: “Across asset management and private equity, AI is moving into coordinated, cross-functional applications, particularly where it can connect workflows and support shared insights and decisions across teams. That shift is driving progress, but scaling remains deliberate, as governance, workforce readiness and cost visibility continue to develop. The pace ultimately reflects how complex it is to embed AI into core investment and operational processes.”

Carole Streicher, KPMG US Advisory leader, Private Equity & Asset Management, said: “Firms are clearly moving beyond isolated AI use cases toward enterprise-wide execution, but the ability to scale consistently is still evolving. Cost visibility and governance remain uneven, and at the same time, firms are navigating workforce resistance and changing expectations around how AI is used day to day. Leadership accountability is consolidating at the top, signaling that AI is now a core strategic priority, but translating that into repeatable, enterprise-wide value will require stronger alignment across teams, incentives and operating models.”

  • Most AM/PE organizations report only partial visibility into AI operating costs, with 63% saying costs are somewhat visible today and only 4% saying they are fully visible.
  • AM and PE firms expect to invest an average of $103 million in AI over the next 12 months.
  • AM and PE firms say the top factors influencing AI strategy in the next 6 months are
    • Data security, privacy, and risk concerns (91%).
    • Pressures to demonstrate value to investors or the board (87%).
    • Access to lower-cost, high-fidelity technology and large language models (84%).
    • Limitations on hiring and upskilling initiatives (82%).
    • The need to improve customer experience and engagement (81%).
  • More than half (52%) of AM and PE firms are piloting AI agents, while 29% explore the possibility of using agents, and 19% deploy AI agents.
  • When facilitating collaboration, AI agents are most often used to align shared goals, KPIs, and success metrics across functions (66%), provide shared knowledge bases or unified dashboards (42%), and support joint decision-making, including shared insights and recommendations (41%).
  • Employee adoption of AI agents dipped quarter-over-quarter from 37% to 22%, while 42% of AM/PE firms report mixed responses, and 36% express resistance to AI agents. Resistance is largely due to skills and capability gaps (67%), increased workload or complexity (60%), concerns about job security (60%).
  • Accountability for AI-informed business decisions sits primarily with senior leadership, including the CEO or executive committee (59%) and a named C-suite executive (25%).

Industry Reports

Technology

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Banking

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AM / PE

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Questions & Answers

QuestionAnswer
What is the biggest challenge organizations are facing as AI adoption scales?The economics of running AI at scale is emerging as a key challenge. While 66% of organizations have monitoring dashboards and 61% have approval processes, only 26% report full, real-time visibility into AI operating costs.
How are AI investment levels trending this quarter?AI investment remains steady, with leaders planning to invest a weighted average of $202 million over the next 12 months, nearly unchanged from $207 million last quarter.
Is AI agent deployment still growing?Agent deployment remains strong and stable, with 53% of organizations using AI agents this quarter, compared to 55% last quarter.
What shift is happening in how organizations use AI agents?Organizations are moving from isolated deployments to coordinated, enterprise-wide use. The percentage orchestrating multiple agents across workflows doubled from 9% to 18%, signaling more integrated, cross-functional usage.
How are organizations using AI agents across the business?AI agents are being used to align shared goals and metrics (64%), support joint decision-making (49%), and automate cross-functional workflows (48%).
What role does governance play in scaling AI?Governance is critical in tying together scale, performance, and value. As organizations deploy AI more broadly, effective governance ensures coordinated operations and helps manage costs and outcomes.
Do organizations have strong control over AI usage and costs?Not yet. While many have dashboards and approval processes, only 36% have implemented direct token or usage controls, indicating that granular cost management capabilities are still maturing.
What barriers are slowing effective AI adoption?35% of leaders cite AI cost management and economic literacy—such as understanding usage-based pricing models like token and inference costs—as a key barrier.
How is employee resistance to AI changing?Employee resistance has increased to 20% from 5% last quarter. However, the reasons have shifted toward concerns about trust and ethics (53%), as well as increased workload and complexity (51%).
Are concerns about AI skills and job security improving?Yes. Concerns about skills gaps declined from 76% to 57%, while worries about insufficient training dropped from 53% to 27%. Concerns about job security also eased from 67% to 55%.
What is “token-maxxing,” and how are leaders reacting to it?“Token-maxxing” is a practice that gamifies AI usage through incentives and leaderboards. While 41% of leaders would consider it, sentiment is mixed, with 22% opposed and 37% neutral, reflecting concerns about prioritizing activity over meaningful outcomes.
Why is there concern about token-maxxing?Leaders warn that it risks incentivizing activity rather than value creation, which can reduce short-term effectiveness and undermine organizational culture over time.
What differentiates organizations that get the most value from AI?Organizations that build strong habits, skills, and governance structures around AI usage are best positioned to maximize the value of each interaction and derive better outcomes.
Is effective AI usage already creating competitive advantages?Yes. Nearly half of leaders (47%) say employees who use AI effectively are already outperforming their peers, highlighting a growing competitive advantage tied to AI proficiency.
Who is typically accountable for AI-driven business decisions?Accountability varies, with 32% saying a CEO or executive committee member is responsible, while 34% point to another C-suite leader.
How are organizations preparing their workforce for AI?Upskilling and reskilling remain the top strategy for 65% of organizations, with a strong focus on teaching prompt and instruction skills to improve productivity.
What skills are most important for working with AI agents?Prompt and instruction skills are viewed as the most important, with 65% of leaders emphasizing their importance for effective AI use.
Are companies willing to pay more for AI talent?Yes. 40% of leaders would offer a 6–10% salary premium for candidates with strong AI skills, and 38% would pay 11–15% more compared to candidates without those capabilities.
How are workforce skill priorities evolving in the age of AI?54% of leaders believe strong social and interpersonal skills are now more important than mathematical or technical skills for career success.
How will AI adoption affect roles in the future?55% of leaders expect increasing levels of AI fluency across their organizations and anticipate that roles will evolve for employees who do not adopt these capabilities over time.

About KPMG LLP

KPMG LLP is the U.S. member firm of the KPMG global organization of independent member firms providing audit, tax and advisory services. The KPMG global organization operates in 138 countries and territories and has more than 276,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
 
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