Artificial intelligence has attracted enormous capital. But as spending increases, investors and lenders are becoming less interested in what an AI project could become and more interested in whether it can actually work economically. JPMorgan Co-head of Global Investment Banking Kevin Foley described this on CNBC’s “Squawk Box” on Sept. 1. The money is there,…
Nearly every Global Capability Center may now have an AI initiative somewhere in the organization, but knowing whether that investment is actually paying off remains considerably harder. Research from Zinnov and ProHance shows that 92% of GCCs surveyed were either piloting or scaling AI initiatives, while 72% of leaders lacked a structured framework for measuring…
Task-level AI gains are well documented. Organization-level gains are largely absent. An NBER study of roughly 6,000 executives found that 89-95% of firms saw no measurable productivity or employment impact over three years, while the same period produced consistent evidence that individual workers do save real time. Both findings are correct, and the gap between…
