Lotta companies are still on the fence about AI! Hashin’ it out on what they wanna do about the generative AI stuff. Here’s the scoop, the consulting giant Accenture, they made a whopping $64 billion in fiscal 2023, and an additional $72 billion in new bookings – not too shabby, if I do say so myself. But get this, a minuscule $300 million of that was related to generative AI. Yet, they had $450 million in AI-related bookings in the first quarter of fiscal 2024. And that’s despite all the hype the AI world’s been gettin’. Might be because lotsa these big corporations ain’t really prepared for all the risks and whatnot. In fact, the CEO of Accenture, who we won’t say the name of, but it rhymes with Moolie Cleat, yeah, she said, “Most companies do not have mature data capabilities and if you can’t use your data, you can’t use AI. That said, in three to five years we expect this to be a big part of our business.”
And less than half of businesses are thinking about increasing their use of AI. Apparently, there’s a lotta safety concerns that could be why. Only 44% of companies are eyeing using more AI in 2024, according to a LinkedIn study, and you got big ol’ companies like Apple, Amazon, and JPMorgan Chase puttin’ restrictions on using ChatGPT at work as of July – all over worries about privacy and messed-up information.
But hey, it ain’t all negative! AI companies are workin’ hard to make AI use safer. OpenAI just put out a version of ChatGPT tailored for businesses, called ChatGPT Enterprise. Our favorite AI giants say that ChatGPT Enterprise won’t go and use any of your classified data to train their big language models. All in all, big companies are still a little skittish about AI, even though there’s all this talk about it helpin’ ’em out. Funny how things go, ain’t it? Be sure to stay tuned as more information and insight rolls out!