Desperately Seeking AI-driven ROI
Last week’s letter discussed opportunities to take advantage of Artificial Intelligence by investing in public companies using the technology to drive ROI; and investing in the public companies building the “picks and shovels.”
There are some key points to keep in mind. In a study which included 1,200 organizations in 12 industries, in 15 countries, and combined revenues of $15.5 trillion, ESI Thoughtlab reports AI projects take 17 months to break even.
Of those surveyed, an average of $38 million was invested in AI projects. About 40% of the AI…