Again, maybe counterintuitive, but in the majority of conversations I have with CIOs, CTOs, and CEOs in large enterprises, they are either growing due to AI (in new job functions like FDEs, engineering, etc.) or at a minimum reinvesting efficiency savings back into the business in new areas (sales, marketing, etc.).
David Solomon, CEO of Goldman Sachs, articulated this perfectly in a NYTimes OpEd last week. The AI boom is both creating all new jobs in the build out of AI systems and the implementation across sectors, but also freeing up dollars to invest in areas that have been underfunded or have more demand now because of AI.
Most businesses have been constrained by how much software they can produce at a given cost, how many sales reps they can hire, how many marketing campaigns they can run, how they can do outbound customer success motions with enough tailoring, how they can find more risk in their business and prevent it, and 100s of other things.
When AI makes it possible to do more of this, investment goes back into the business. The companies that better serve their customers win over the long run, and those that just try and find savings end up doing worse.