Artificial Intelligence Trend is Accelerating With ‘Lion’s Share’ in the U.S.: Morgan Stanley

The first half earnings season saw an inflection in companies discussing artificial intelligence , with around 15% of firms quantifying a revenue or cost-benefit from using machine learning across a broad spectrum of applications, Morgan Stanley said in a research report Monday.

The bank notes that 316 qualifying companies mentioned AI, with 106 explicitly citing fundamental business improvement from using AI or machine learning. "29 quantified the revenue opportunity, 36 quantified a cost or productivity gain, 12 discussed customer service and in-housing as the lowest hanging fruit, 8 saw efficiency and in-housing of creative advertising, 82 other comments referred qualitatively to revenue or cost gains," analysts led by Edward Stanley wrote.

The bank’s analysis covered global companies with a market cap greater than $10 billion, which reported results since July 1.will likely have a meaningful impact on the U.S. economy sometime between 2025 and 2030.

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Artificial Intelligence News -- ScienceDailyArtificial Intelligence News. Everything on AI including futuristic robots with artificial intelligence, computer models of human intelligence and more.
Source: ScienceDaily - 🏆 452. / 53 Read more »

Schools navigate regulation of artificial intelligence, ChatGPT as students return to classroomsArtificial intelligence is becoming a major conversation in the classroom, especially a popular software called ChatGPT.
Source: ABC7Chicago - 🏆 284. / 63 Read more »

Lauren Gustus: Where The Tribune will — and won’t — use artificial intelligence“These ethical guidelines aim to ensure responsible and transparent use of AI in journalism, maintaining the integrity of news reporting while leveraging the benefits offered by AI technologies.”
Source: sltrib - 🏆 316. / 61 Read more »

NESDIS/Google Artificial Intelligence Prototyping InitiativeLegislative Mandate: As stated in Public Law 115-423, the National Integrated Drought Information System Reauthorization Act of 2018, section 6e:…
Source: NOAASatellites - 🏆 415. / 53 Read more »

Winning Web3 Investment Strategies Must Combine Artificial Intelligence andThe Web 3.0 dynamic duo of blockchain and AI is on the path to redefine entire industry sectors.
Source: Newsweek - 🏆 468. / 52 Read more »

The $900,000 AI Job Is HereSalaries are rising as employers such as Netflix and Walmart seek candidates with artificial-intelligence skills.
Source: WSJ - 🏆 98. / 63 Read more »