Analysts at Morgan Stanley named companies that have quantified how much money they can make — or save — from using generative artificial intelligence (AI).
While firms like Alphabet , Meta and Microsoft are on Morgan Stanley's list, non-tech companies are also financially benefiting from using generative AI, the bank said.
Here's what some of the reporting companies said about how much they're making or saving by using AI or generative AI, according to Morgan Stanley's note.
Alphabet said: "Our new generative AI offerings are expanding our total addressable market and winning new customers.
We noted 47 quotes from management teams at 2Q23 relating to productivity gains or efficiency in employee training," Morgan Stanley said.
Persons:
Morgan Stanley, Morgan, Edward Stanley, Morgan Stanley's, Meta, Intesa Sanpaolo, Comstock, Bruker
Organizations:
Microsoft, Energy, Health Care, OpenAI, Ceridian, Pharma, AstraZeneca
Locations:
Swiss