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Motley Fool Money

AI’s ROI

Jun 22, 2024
31:34
Snipd AI
Discussion on the $50 billion AI industry spend, $3 billion revenue return, non-Mag 7 companies using AI, company spending wisely on AI. Exploring AI models' rate of improvement, Gartner Hype Cycle, companies discussed: GOOG, MSFT, NVDA, ARM, AMD, ORCL
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Podcast summary created with Snipd AI

Quick takeaways

  • Investing in AI models yielded a $3 billion revenue from $50 billion spent on Nvidia chips in 2023.
  • AI applications are expanding in tasks like language learning and investment identification, despite challenges like data acquisition.

Deep dives

Investment in Generative AI by US Companies

A KPMG survey suggests that 43% of US companies with over a billion dollars in revenue plan to invest at least a hundred million in generative AI over the next 12 months.

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