MarketWatch: “AI is a Pandora’s box that some CEOs seem wary of opening — at least with investors”
By datatrekresearch in IN THE NEWS
Excerpt from MarketWatch quoting DataTrek's Nick Colas:
.... "Artificial intelligence is making its way through corporate America, but not all executives want to talk about it.
DataTrek co-founder Nicholas Colas took a look at FactSet’s recent analysis of mentions of AI during corporate earnings calls. The data provider found that executives at about two-thirds of S&P 500 companies mentioned the technology on their second-quarter earnings calls. Colas noted that the number of companies mentioning AI on these calls has essentially stagnated since the end of last year.
On a pure-numbers basis, this translates to about 330 S&P 500 components. AI might be pertinent to the rest of the companies, too, Colas added, but not to their immediate financial results"....
Full article here on MarketWatch.
