Bank of America Says Investors Are Overplaying AI and Underestimating Consumers

It may be time for investors to pivot from artificial intelligence-linked capital expenditures to consumer-driven spending, Bank of America strategists wrote in a Monday (Oct. 5) note, according to a Bloomberg report. The abundance of AI spending and the shrinking of discretionary spending are already baked into investment positions, with “AI disruptees” such as information […] The post Bank

What do banks and other financial institutions need to do in order to ensure that their investments in AI deliver as promised? Why has asking the hard questions and conducting thorough due diligence before implementation become critical to a successful AI deployment? What should banks expect from AI vendors and, importantly, what should banks expect Read more... The post Inbenta’s Melissa So

Companies are reportedly finding it increasingly difficult to forecast their AI spending. That’s according to a report Monday (Oct. 5) by The Wall Street Journal (WSJ), which cites one recent study showing that just 11% of almost 400 surveyed businesses could accurately project their artificial intelligence (AI) costs. The report notes that AI differs from standard software […] The post Busi