These companies are rolling up their sleeves to apply AI

The economic gains it promises are almost incomprehensible, so there is no more urgent task than for leaders to roll up their sleeves and get to work.

But many find it difficult to deal with the onslaught of new and ever-changing tools and large language models (LLMs). The early experiences of many companies have proven to be expensive investments with lackluster returns.

Modern IBM survey of 2,000 global executives I found that although leaders remain confident that AI plays a pivotal role in their future, Only 25% of current AI initiatives have achieved the returns on investment they were hoping for.

However, across all sectors, there are companies that are starting to discover this. luckThe newsroom set out to collect examples of AI applications that show promise, in a new special digital issue that is part of the series we call AIQ Wealthmade possible thanks to our partner ServiceNow.

On Wall StreetFor example, JPMorgan Chase It says internal use cases for AI have unlocked an estimated $2 billion in value. The 240-year-old BNY has embraced AI as well, launching an internal tool called Eliza to help its employees build their own AI agents, and it is teaming up with OpenAI to collaborate on financial services use cases.

last Fortune 500 Companies are Create artificial intelligence avatars To aid corporate learning initiatives and even to mimic executive communications so they can produce them repeatedly. Mondelez International She said she produced 30,000 videos this year, with the help of an artificial intelligence startup backed by Mark Cuban.

In the $104 billion waste management industry, AI can help us recycle more efficiently. AMP, which makes an AI-based system for sorting waste from recycling (something humans are famous for doing), helps companies reduce the costs of this hard work by up to 50%, ultimately making recycling profitable.

Key Idea: Discovering AI may be daunting, but it is a business necessity.

like IBM “The ultimate payoff will only come to CEOs who have the courage to embrace risk as an opportunity,” Vice Chairman Gary Cohn said of his AI ROI survey.