From Fortune · Sheryl Estrada · · 1m 50s
CFOs demand AI projects prove their worth
Finance leaders at Chevron, ServiceNow and Nasdaq say artificial intelligence initiatives must compete for capital like any other investment and deliver measurable business value.
In brief
Finance leaders at Chevron, ServiceNow and Nasdaq say artificial intelligence initiatives must compete for capital like any other investment and deliver measurable business value. Major company CFOs are rejecting the idea that AI projects deserve automatic funding, instead requiring them to demonstrate clear paths to…
Chevron CFO sets the bar high
Eimear Bonner, CFO of Chevron, said AI projects must compete for capital like any other investment. They need to show a clear path to creating value, not get a free pass for being AI.
“It doesn't get a free pass just because it's got AI on the front of the opportunity.”
Chevron targets transformative applications
Chevron looks for AI initiatives that deliver measurable improvements in business performance. These include unlocking previously inaccessible oil reserves, reducing costs or shortening cycle times.
ServiceNow weighs cost of inaction

Gina Mastantuono, president and CFO of ServiceNow, said CFOs must weigh not just potential gains but also the cost of falling behind competitors that adopt AI. Long-term competitiveness is at stake.
ServiceNow measures outcomes, not activity
ServiceNow funds projects that strengthen competitive differentiation, solve a customer problem and deliver measurable value on a clear timeline. The company expects five hundred million dollars in savings this year.
“I don't think the winners in AI are going to be the ones that spend the most.”
Nasdaq categorizes AI investments by horizon
Sarah Youngwood, EVP and CFO of Nasdaq, categorizes investments into horizon zero for foundational needs like cybersecurity, then short-term, medium-term and longer-term R and D initiatives.
Nasdaq leverages decade of data investments
Nasdaq's decade-old investments in cloud and algorithmic AI position it to serve clients today. The company has data from three thousand five hundred institutions representing twelve trillion dollars in assets.
“It's all about the gold standard data that we have.”
Chevron powers AI boom with natural gas
Chevron is on the supply side of the AI boom. It plans to power a Microsoft data center in West Texas through a two point six seven gigawatt natural gas project starting January first.
The main idea
Major company CFOs are rejecting the idea that AI projects deserve automatic funding, instead requiring them to demonstrate clear paths to competitive advantage and measurable returns.



