Reported about 21 hours ago
A recent EY survey found that nearly all large companies introducing AI have experienced initial financial losses, totaling an estimated $4.4 billion, primarily due to compliance issues, flawed results, and bias. Despite these challenges, the surveyed executives remain optimistic about the long-term benefits of AI, noting that while efficiency and productivity are improving, the immediate financial gains are being reinvested rather than resulting in reduced costs or increased revenue.
Source: YAHOO