Chart: AI is paying off, but only for these industries so far

2 weeks ago 23

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US Secretary of the Air Force Frank Kendall about to fly in the X-62A VISTA, an experimental aircraft piloted by Artificial Intelligence.

US Secretary of the Air Force Frank Kendall about to fly in the X-62A VISTA, an experimental aircraft piloted by AI. Air Force photo by Richard Gonza via Reuters Connect

AI is moving from promise to measurable payoff across corporate America.

According to new data from Morgan Stanley, the share of S&P 500 companies citing quantifiable benefits from AI adoption has steadily climbed, reaching 15% in the third quarter, up from 11% a year earlier.

Among firms that the analysts classify as "AI adopters," nearly one in four now report tangible performance improvements.

Technology leads the pack: 39% of tech firms highlighted quantifiable AI gains, up sharply from 26% last year.

Communication Services (26%) and Financials (16%) follow, while Energy companies have risen from 0% to 10%.

As adoption spreads, more sectors are beginning to see measurable AI-driven returns, signaling a new phase of real-world business impact.

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