AI Hype Cools as Big Tech and Wall Street Focus Shifts from Today's Tools to Future Possibilities
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AI has tangible benefits for big companies like JPMorgan for things like data management and efficiency.
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The recent AI hype brought lucrative search and digital ads business potential into play for Big Tech.
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While AI promises a new "industrial revolution," much of the excitement is about future potential rather than current capabilities.
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JPMorgan has been using AI for over a decade across 400+ use cases to drive business value.
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The cooling of the AI stock trade suggests investors are less interested in today's incremental AI advances versus future possibilities.