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    Corporate “AI” Chatter Picks Up; Here’s How 10 Companies Are Using AI

    victorlei

    March 1, 2023

    Companies are increasing their AI investments, hiring AI specialists and figuring out how to extract as much value as possible.

    AI: Why are you so obsessed with me?

    Well, we’ve been promised your many benefits: Boosting productivity, reducing costs, and creating new income streams.

    Are you the real deal? According to Roundhill Investments’ Director of Research, the benefits of AI are “more tangible, more real” compared to other hyped trends (BBG).

    It’s too early to tell, but that won’t stop companies from incorporating AI in the meantime.

    Here’s how 10 companies are using AI:

    1/ Airbnb (NASDAQ:ABNB) — using AI to match travelers to bookings.

    2/ Match Group (NASDAQ:MTCH) — already using machine learning for safety and content moderation, and its CEO said it could be used to “enhance recommendations” on Tinder.

    3/ Palo Alto Networks (NASDAQ:PANW) — launched an AI-based cybersecurity software that detects threats.

    4/ Yum! Brands (NYSE:YUM) — predicting how much its chain of restaurants should order to reduce waste.

    5/ Quest Diagnostics (NYSE:DGX) — using automated AI-based microbiology lab systems to analyze samples.

    6/ Home Depot (NYSE:HD) — predicting when shelves are running low and helping employees prioritize tasks.

    7/ Caterpillar (NYSE:CAT) — the largest global construction equipment manufacturer — is “investing heavily in AI” and digitizing its bulldozers with AI capabilities.

    8/ Wells Fargo (NYSE:WFC) — launching an AI-powered virtual assistant to “personalize and simplify people’s banking experience.”

    9/ GE HealthCare Technologies (NASDAQ:GEHC) — building better healthcare technology products (i.e., an algorithm that produces better and faster images for radiologists).

    10/ Meta (NASDAQ:META) — helping advertisers deliver more targeted ads — which improved ad results by 20% in the last quarter.

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