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490 AI Investment Soars but Profitable Use Remains Elusive for Many Firms, Goldman Sachs Says

Slashdot
msmash @ Slashdot · 07/11/2024 11:20 EDT

AI Investment Soars but Profitable Use Remains Elusive for Many Firms, Goldman Sachs Says

Despite soaring investment in AI hardware, most companies are struggling to turn the technology into profitable ventures, Goldman Sachs' latest AI adoption tracker reveals. Equity markets project a $330 billion boost to annual revenues for AI enablers by 2025, up from $250 billion forecast just last quarter, yet only 5% of US firms currently use AI in their production processes.

The disconnect between sky-high investment and tepid adoption underscores the significant hurdles businesses face in implementin

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