S&P 500's AI FOMO fizzles: Less than half mentioned it in Q2 earnings

Despite all the hype and billions poured into AI, fewer than half of S&P 500 firms actually mentioned it in their Q2 2024 earnings reports.  According to data published this month by FactSet, 42 percent of S&P 500 firms (210) mentioned AI in Q2 earnings calls conducted between June 15 and September 13. FactSet noted that's …

[elsergiovolador]

Drizzle

Are these billions trickling down anytime soon?

I mean they spent billions and billions... where is my yacht?

Ah no, the money is simply circling around the rich like <brown matter> in the river.

[Doctor Syntax]

Does "holding steady" mean the same companies as last time or is it new hopefuls being on about the same level is the disillusioned?

[Ken Moorhouse]

Maybe the "AI" abbreviation has been over-hyped. Change it to "PR" instead.

Quite often in such situations tweaking the name will set things in an upward trajectory again.

I suggest instead of calling it Artificial Intelligence we refer to it as Paragraph Regurgitation.

What's that? Oh, what about image creation? Well how about Photoshop Regurgitation. Still the same initials.