The use of artificial intelligence (AI) is on the rise in corporate America, with mentions of AI and related terms during earnings calls with investors already up 77% from a year earlier. This surge in AI use is driven by investors eager to invest in AI-related technologies, as evidenced by the success of chip-maker Nvidia Corp., which has become the best-performing stock among the mega-caps this year.
The use of AI in the corporate world extends far beyond the popular chatbots. Companies are utilizing AI to enhance customer experience, optimize operations, and improve decision-making. AI is being used to automate mundane tasks, allowing employees to focus on more complex, higher value activities. Retailers are using AI-driven software to help them forecast sales and track trends. AI is also being used to create personalized marketing experiences.
AI is also increasingly being used to improve decision-making. AI-driven software is helping companies to identify patterns and to make more informed decisions. AI is also helping to automate and optimize complex operations, such as supply chain management and financial operations.
AI is also being used in healthcare, with AI-driven software helping to reduce medical mistakes, diagnose illnesses, and improve patient care. AI-driven software is also being used to create more efficient and accurate medical records.
The use of AI is growing in Corporate America, with more and more companies recognizing the potential of this technology. With the continuing development of AI, the possibilities are seemingly limitless.