Companies across various sectors discussed their use of artificial intelligence (AI) and how it could benefit their businesses during Q2 earnings calls, aiming to distract investors from lackluster Q2 results and highlight the potential for AI to boost earnings and sales in the future, according to Goldman Sachs analysts.
Professionals are optimistic about the impact of artificial intelligence (AI) on their productivity and view it as an augmentation to their work rather than a complete replacement, according to a report by Thomson Reuters, with concerns centered around compromised accuracy and data security.
Artificial intelligence (AI) is revolutionizing the accounting industry by automating tasks, providing insights, and freeing up professionals for more meaningful work, but there is a need to strike a balance between human and machine-driven intelligence to maximize its value and ensure the future of finance.
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Corporate America is increasingly mentioning AI in its quarterly reports and earnings calls to portray its projects in a more innovative light, although regulators warn against deceptive use of the term.
Salesforce stock is expected to report strong second quarter earnings, with investors particularly interested in the company's investments in artificial intelligence and their potential results.
Salesforce reported better-than-expected second quarter earnings, with beats on revenue, margins, and earnings per share, as the company's investments in artificial intelligence paid off.
C3.ai is set to announce its Q1 earnings results, with the consensus EPS estimate at -$0.17 and the consensus revenue estimate at $71.6 million, representing a 41.7% year-over-year decrease and a 9.6% year-over-year increase, respectively.
C3.ai is set to report earnings, with expectations of a loss per share and a focus on how the stock will react to the news.
ChatGPT and other AI models were compared to human executives in delivering earnings call speeches, with the study finding that the robots' answers were often similar to the humans', but when executives provided more detail and less robotic responses, it had a more positive impact on stock prices.
More S&P 500 companies are mentioning AI in their earnings calls than ever before, and those that do have seen better stock performance compared to companies that don't mention AI.
Oracle is set to release its earnings, and the focus will be on its success in the artificial intelligence sector.
Stock investors should focus on long-term beneficiaries of artificial intelligence, as near-term beneficiaries have already experienced significant share price increases, according to Goldman Sachs. Companies across various sectors, such as communication services, consumer discretionary, financials, and information technology, are expected to see a boost in their earnings per share from AI adoption.
The US Securities and Exchange Commission (SEC) is utilizing artificial intelligence (AI) technologies to monitor the financial sector for fraud and manipulation, according to SEC Chair Gary Gensler.
Artificial intelligence (AI) is predicted to generate a $14 trillion annual revenue opportunity by 2030, causing billionaires like Seth Klarman and Ken Griffin to buy stocks in AI companies such as Amazon and Microsoft, respectively.
The finance industry leads the way in AI adoption, with 48% of professionals reporting revenue increases and 43% reporting cost reductions as a result, while IT, professional services, and finance and insurance are the sectors with the highest demand for AI talent.