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Forget Chatbots, This Is How Corporate America Is Really Using AI

Companies from Meta to Home Depot are flooding earnings calls with commentary about their artificial intelligence efforts



Photographer: Gabby Jones/Bloomberg
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Ever since OpenAI’s ChatGPT lit up the internet in November, companies can't stop talking about artificial intelligence. Take this earnings season so far: References to AI and related terms during calls with investors are already up 77% from a year earlier.

It's no wonder. AI-hungry investors have propelled Nvidia Corp., which makes the chips needed for complex AI computing tasks, into the best-performing stock among mega-caps this year. Relatively obscure firms with AI in their names have also skyrocketed. Holdings Inc. has surged more than 300%, while Inc. and BuzzFeed Inc. have more than doubled. Guardforce AI Co. is up 51%.