https://www.forbes.com/sites/davidjeans/2020/10/20/bcg-mit-report-shows-companies-will-spend-50-billion-on-artificial-intelligen

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After spending $2.5 billion over five years, Uber is still far from delivering its self-driving vehicles. AFP via Getty Images. As corporate spending on artificial intelligence systems is set to pass $50 billion this year, the vast majority of companies may not be seeing much return on that record investment. In a survey of more than 3,000 company managers about their AI spend, only 10% reported significant financial benefits from their investment so far, the new report from MIT Sloan Management Review and Boston Consulting Group found. Gains from the tech haven’t kept pace with increased adoption, says Shervin Khodabandeh, who led the study and is co-head of BCG’s AI business in North... Full story

25 October

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