A survey of 337 university administrators found most were optimistic about artificial intelligence, but also concerned about cheating and student readiness for work environments where AI skills will be important. Considering this, the American Association of Colleges & Universities (AAC&U) and North Carolina’s Elon University’s Imagining the Digital Future Center conducted a survey of 337 university presidents, chancellors, provosts, rectors, academic affairs vice presidents, and academic deans on the impact of GenAI tools on campuses. The majority of leaders believed students were using AI tools to complete their coursework, with 89 percent estimating that at least half of students use the tools. Despite this, when asked how prepared they felt their spring 2024 graduates were in terms of understanding and using AI, only 1 percent thought they were “very prepared,” while 40 percent thought they were “somewhat prepared,” 53 percent thought they were “not very prepared,” and 6 percent thought they were “not at all prepared.”