Good morning, unless you’re a CEO, that is.

A recent survey of 141 corporate chieftains found that their confidence in the economy decreased significantly between the first two quarters of 2026. They were particularly concerned about cyber, geopolitical, and AI risks—though supply chain and energy issues were on the rise.

What gives? War in Iran, mostly, which is making anything and everything that touches global shipping more expensive. Most CEOs planned no revisions to their capital investment plans, though three in 10 expected to reduce their workforce.

My favorite takeaway? More than half of survey respondents said AI would not fundamentally transform their industry. IYKYK, I suppose. Today’s tech news follows. —Andrew Nusca

Want to send thoughts or suggestions to Fortune Tech? Drop a line here.