Robert F. Smith, CEO of Vista Equity Partners, shared insights on generative AI (GenAI) at the 2024 APEC CEO Summit. He highlighted Vista’s approach to scaling GenAI across its portfolio companies, emphasizing the importance of robust infrastructure and standardized implementation frameworks. Smith discussed how GenAI is revolutionizing customer support, problem-solving, and innovation in various industries. He addressed the economics of AI investment, noting the potential returns and the democratization of AI technology. Smith also outlined Vista’s global strategy for building AI capabilities through Centers of Excellence and partnerships with educational institutions, including HBCUs. He stressed the importance of ethical considerations in AI development and deployment. Looking ahead, Smith predicted continued rapid innovation in GenAI, particularly in natural language processing, IoT integration, and complex decision-making. He concluded that embracing GenAI responsibly can drive efficiency, innovation, and growth across diverse industries, shaping the future of business operations and strategies.