Morgan Stanley Names 28 Companies Reporting Measurable AI Gains, Including Bank of America, JPMorgan and Visa

An increasing number of S&P 500 companies are seeing significant benefits from artificial intelligence (AI). Morgan Stanley says 44% of S&P 500 companies now report at least one measurable benefit from AI, up from 32% a year ago, a 12% increase, reports Seeking Alpha. Morgan Stanley reached that figure after reviewing about 18,000 corporate transcripts. Direct financial gains such as cost savings or revenue generation are cited by 26% of companies, up from 16%. Productivity remains the most common benefit, cited by 32% of companies. Financials lead the pack, with 67% of financial companies reporting tangible AI improvements, ahead of communication services at 61% and information technology at 51%.

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