While the hype of artificial intelligence (AI) and its potential role as a driver of transformational change to businesses and industries is pervasive, there are limited insights into what companies are actually doing to reap its benefits. The Artificial Intelligence Report, conducted by Ernst & Young, aims at getting a deeper understanding of how companies currently manage their AI activities, and how they address the current challenges and opportunities ahead. To get to the heart of the AI agenda, we received input from AI leaders in 277 companies, across 7 sectors and 15 countries in Europe, via surveys and/or interviews. Below is a brief summary of what they had to say. This is significantly higher than on the non-managerial / employee level where AI is only considered an important topic in 28% of the companies.