Banking industry profit margins are potentially facing a significant $170 billion hit from the rise of AI, according a report from McKinsey. And failure to adapt to consumers’ growing usage of ...

(NEW YORK) -- Fears of an artificial intelligence bubble have rattled the stock market in recent weeks and set off concern among critics about a wider risk to the U.S. economy. A surge of AI spending ...

With a profitable PC business that has 25 percent of global shipments (thanks in large part to its acquisition of IBM’s PC business two decades ago) plus a respectable smartphone business (by virtue ...

During the dotcom boom in the late 1990s, internet upstarts justified their lofty valuations with woolly measures such as “clicks”, “eyeballs” and “engagement”. Today’s investors—who are already ...

Shlomo Kramer said that while he "absolutely" believes in AI, the returns will happen at a "much slower pace" than the ...

AI adoption within UK accountancy and bookkeeping practices is now said to be signficantly enhancing sector profitability, driving a considerable boost to the wider economy and fundamentally ...

The U.S. economy has come to increasingly depend on the AI boom, despite risks. Fears of an artificial intelligence bubble have rattled the stock market in recent weeks and set off concern among ...