Companies boost profits by up to 20% with generative AI, report finds

A new report highlights that companies using generative AI can boost profits by up to 20%. While AI has transformed the tech sector, experts emphasize the need for businesses to adapt their processes to fully realize its benefits. In 2024, major tech firms like Microsoft and Nvidia are investing heavily in AI, integrating it into their products and services. This shift aims to enhance efficiency and market value, with AI expected to drive significant revenue growth in the coming years. Despite the rapid advancements, the report notes that turnover among top tech companies has slowed. Microsoft, Apple, and Alphabet remain dominant, showcasing the importance of adapting to AI-driven changes for sustained success.