To get a broad sense of which companies and industries are adopting AI, we examined data on all the firms in the S&P 500. We looked at five measures
-infused chatbot that gives investment advice. Health-care firms like Gilead Sciences and Moderna use-powered medical devices. America’s Food and Drug Administration approved 97 such machines last year, up from 26 in 2017.
A second group is industries that are already being disrupted by technology, including carmakers, telecoms, media and retail. Thirteen firms from these industries make the high-scoring 100, including Ford,and Tesla. The rise of electric vehicles and the prospect of self-driving cars has encouraged vehicle manufacturers to invest in technology. In March Ford established Latitude’s Cruise.
However, a shift to in-house training hints at one of the risks: security. In May Samsung discovered that staff had uploaded sensitive code to Chat. The concern is that this information may be stored on external servers of the firms which run the models, such as Microsoft and Alphabet. Now Samsung is reportedly training its own models.
But all this must be weighed against the potential benefits, which could be vast. Waves of technology frequently turn industries on their head. As generativediffuses into the economy, it is not hard to imagine it doing the same thing. Mr Lukic says that the biggest risk for companies may be “falling behind”. Judged by the scramble in America Inc for all things
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