2024 Dubbed Year of AI as Companies Race to Adopt Generative AI or Risk Falling Behind
• 2024 being hailed as "Year of AI" with generative AI transforming businesses across industries through dramatic productivity gains • Companies investing billions in AI and rushing to incorporate it or risk falling behind competitors • Accenture launching AI innovation studios, including in Chicago, to help clients leverage generative AI to reinvent their businesses • Applications include using AI for marketing campaigns, legal contracts, taking orders, and automation in sectors like restaurants and manufacturing • Concerns remain about potential job losses from AI advancement and need for responsible development of the technology