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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...
Industry surveys by Goldman indicate that while many small businesses are experimenting with the technology, most have yet to define clear use cases or establish comprehensive employee training programs. Data compatibility and privacy concerns remain substantial roadblocks, with many firms reporting their existing tech platforms are ill-equipped to support AI applications. The lack of in-house expertise and resources further compounds these challenges, leaving many companies unable to bridge the gap between AI's theoretical potential and practical implementation.
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