Chief executives must understand how to leverage artificial intelligence (AI) to transform their businesses and workforce or risk failure. AI is advancing rapidly and will revolutionize work. Within 7 years, computers will match human intelligence and within 12 years will match the intelligence of 1 million people. By 2050, supercomputers will match all human intelligence combined. Businesses need to adopt AI now through their culture, systems, and hiring in order to facilitate transformation and remain competitive.