AI windfalls are flooding into traditional industries! From garbage trucks to insurance brokers, profits can also be "harvested" outside of tech giants.
The Zhitong Finance APP has learned that the use of artificial intelligence tools by American companies is gradually showing returns, which undoubtedly serves as a reassurance for investors who have previously been doubtful about the massive AI investments of a few giants. This is one of the core signals conveyed during the second quarter earnings season, where nearly 90% of the constituents of the S&P 500 index have disclosed their earnings reports. According to analysis from 22V Research LLC, approximately 25 constituent companies have explicitly quantified the impact of AI on their profit marginson average, AI technology has contributed to a 180 basis point expansion in profit margins. Excluding companies that conflate AI with other productivity improvements, the average profit margin increase attributed to AI is 150 basis points.
Latest

