Fortune November 8, 2023
Artificial intelligence is projected to contribute $15.7 trillion to the global economy by 2030 and Big Tech giants including Apple, Microsoft, and Google parent Alphabet are spending billions to secure their dominance.
And yet despite all the hype, nearly half of all companies remain firmly on the sidelines.
The adoption of AI has more than doubled in the five-year period through 2022, with capabilities added to a variety of functions ranging from robotic process automation, to natural-language text understanding, to facial recognition. But the proportion of companies using AI in at least one business area has been stagnant in recent years, and even declined from a peak at 58% in 2019 to 50% last year, according to survey data...
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