Why 90% of Companies Are Investing Millions in This

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Why 90% of Companies Are Investing Millions in This

InvestorPlace08-18

Meet Luke Lango Key Takeaways: Bain & Company found that across America, ~90% of companies surveyed are developing, piloting or have already deployed generative AI in some capacity. And they’re...

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And they’re...</p>\n\n<a href=\"https://investorplace.com/hypergrowthinvesting/2024/08/new-survey-shows-companies-are-all-in-on-ai/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GDDY","symbol_name":"Godaddy Inc.","start_time":0,"source_url":"https://investorplace.com/hypergrowthinvesting/2024/08/new-survey-shows-companies-are-all-in-on-ai/","article_id":"2460786713","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2460786713","pubTimestamp":1723981800,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"With 60% of companies identifying generative AI as a top priority over the next two years, you aren’t too late to join the AI Software Boom.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GDDY":"Godaddy Inc.","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","APP":"AppLovin Corporation","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU0476273544.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"BU\" (USD) ACC","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","BK4023":"应用软件","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","ZENV":"Zenvia Inc.","BK4097":"系统软件","GTLB":"GitLab, Inc.","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","BK4585":"ETF&股票定投概念","BK4539":"次新股","BK4548":"巴美列捷福持仓","WIX":"Wix.Com Ltd","BK4116":"互联网服务与基础架构","LU0444971666.USD":"天利全球科技基金","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","BK4528":"SaaS概念","BK4588":"碎股"},"translate_title":"为什么90%的公司在这方面投资数百万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZENV":1,"WIX":1,"GDDY":1,"GTLB":1,"APP":1},"content_text":"Meet Luke Lango\t\t\n\n\n\n\nKey Takeaways:\n\nBain & Company found that across America, ~90% of companies surveyed are developing, piloting or have already deployed generative AI in some capacity. And they’re spending millions to do it.\nCurrently, the top use cases for generative AI are in areas like sales, software development, marketing and customer service. That is where AI is adding immediate value. In fact, more than 80% of companies surveyed by Bain said that generative AI’s utility is meeting or exceeding expectations in each of those categories.\nIt seems the AI software boom is here. It will only grow in the coming years. And AI sales, marketing, code development and customer service software is proving most valuable.\n\n\n\n\n\n \n\n\nEditor’s note: This article was previously published under the headline, “New Survey Shows Companies Are ‘All In’ on AI”. It has since been updated with new information.\nAI has taken the world by storm, becoming the hottest sector on Wall Street, dominating media headlines, and leading conversations.\nBain & Company, one of the world’s largest consulting firms, recently confirmed that firms are all-in on AI through its quarterly executive survey on artificial intelligence.\nWe recommend going all-in with AI stocks, too.\nIf most major companies globally are spending millions to deploy new AI applications, AI developers should see their revenues and profits soar. Consequently, their stocks should rise as well.\nThis is exactly what’s happening now.\nSurvey Results Indicate a Lasting AI Takeover\nBain & Co. found that across America, ~90% of companies surveyed are developing, piloting or have already deployed generative AI in some capacity. And they’re spending millions to do it.\nSmaller firms are spending about $5 million annually on generative artificial intelligence. Larger firms are investing up to $50 million per year. \nThose are some big numbers. And considering that 60% of companies surveyed see generative AI as a top priority over the next two years, they’ll likely stay big or continue to grow. \nCurrently, the top use cases for generative AI are in areas like sales, software development, marketing and customer service. That is where artificial intelligence is adding immediate value. \nIn fact, more than 80% of companies surveyed by Bain said that generative AI’s utility is meeting or exceeding expectations in each of those categories.\nIn other words, the AI software boom is here. It will only grow in the coming years. And AI-related sales, marketing, code development and customer service software is proving most valuable. \nThat means it’s time to buy those AI software stocks.\nThe Final Word\nThese are, after all, some of the hottest stocks in the market right now. \nJust look at the world of AI-powered code development software. GitLab (GTLB) provides tools to help computer scientists write and edit their code. Traditional website makers like Wix.com(WIX) and GoDaddy (GDDY) are creating new AI software to help people make websites. \nAnd these stocks have been on fire. WIX, GDDY and GTLB stocks are all up about 100% since early May 2023.\nThe same goes for AI-related marketing and customer service stocks. \nAppLovin (APP) is a mobile app advertising firm that has created new AI tools to help app developers monetize their apps. And Zenvia (ZENV) is pioneering artificial intelligence in the world of customer service. \nBoth stocks are up about 220% over the past year.\nThe AI software boom is here. With 60% of companies prioritizing generative AI over the next two years, you can still join the trend.\nWhile it may be too late to buy ZENV or GDDY stock, many other AI sales, marketing, coding, and customer service software stocks deserve your attention now.\nLearn about our recommended plays for this software boom.\nOn the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.\nP.S. You can stay up to speed with Luke’s latest market analysis by reading our Daily Notes! Check out the latest issue on your Innovation Investor or Early Stage Investor subscriber site.\nTechnology, Artificial Intelligence \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\n Luke Lango\nEditor, Hypergrowth Investing\n\n\nMeet Luke Lango\nBy uncovering early investments in hypergrowth industries, Luke Lango puts you on the ground-floor of world-changing megatrends.\n\n\n\n\n\t\t\t\tLearn more about Luke\t\t\t\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/hypergrowthinvesting/2024/08/new-survey-shows-companies-are-all-in-on-ai/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}