Earnings calls seem to have transformed into artificial intelligence (AI Artificial Intelligence (AI) Artificial Intelligence (AI) is a term coined by in 1956, which defines the automation of robotics to the actual process of robotics.The evolution of technology has since led to the gradual adoption of AI in several aspects of our lives. One of the most pertinent is its impact in the financial services industry, which provides a wide range of possibilities moving forward.Ways AI Can Transform FinanceAI has the potential to transform the financial services industry forever. This can take shape in Artificial Intelligence (AI) is a term coined by in 1956, which defines the automation of robotics to the actual process of robotics.The evolution of technology has since led to the gradual adoption of AI in several aspects of our lives. One of the most pertinent is its impact in the financial services industry, which provides a wide range of possibilities moving forward.Ways AI Can Transform FinanceAI has the potential to transform the financial services industry forever. This can take shape in Read this Term) pep rallies. If you're not tossing around phrases like "leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term artificial intelligence," are you even a CEO? But, it turns out that AI adoption is taking longer than predicted.

Name Dropping

Analysis by NBC News has unveiled that around 50% of S&P 500 earnings calls since May have given a nod to artificial intelligence (AI). That puts it shoulder-to-shoulder with hot topics like interest rates and the Federal Reserve. It's the talk of the town, but is anyone actually walking the walk?

Saying vs. Doing

Boasting about your AI-related plans is way trendier than actually doing anything. But thankfully for CEOs late to the party, here's a revelation: falling behind on the hype doesn't necessarily mean trailing in terms of true integration.

A recent US Census Bureau survey spilled the beans, revealing that a mere 3.8% of businesses are actively using AI for their goods or services. Some industries, like the "information" sector, are lapping others with 13.8% usage, while construction and hospitality are still grappling at 1.2% respectively.

The ideas are out there, they're just not being used:

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Much Ado About Nothing

All this suggests that the doom mongers who were predicting the end of the world when Sam Altman went through his in-out-in-out, will he, won’t he affair at OpenAI might just have jumped the gun.

Sure, there are valid concerns about AI. From how it generates content to the control it could one day hold over our lives, but that day is not now. There seems to be time before businesses truly expose us to it in any meaningful manner.

A Slow Ride into the Future

The slow rate of adoption isn't shifting gears anytime soon. A year after ChatGPT's grand entrance, enterprise tools are still a rare breed. Execs are tangled in deciphering the hidden costs, and snatching up talent? Good luck.

The EU just threw a regulatory wrench with the AI Act, imposing hurdles on water and energy industries. But here's the silver lining for CEOs – even if you're just mulling over the hurdles, you're ticking that box.