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Fri Nov-3-2023: AI Gold Rush: Companies Reaping Huge Returns and Salary Surges, OMB asks about AI
Description
In this episode, we discuss the AI gold rush and its impact on businesses. According to a study by IDC, companies are reaping 3.5 times returns on their AI investments, with a return on investment within 14 months on average. The report also highlights how generative AI is driving increased interest and investment in the technology. Additionally, the Oxford Internet Institute conducted a study that found AI skills and knowledge can increase a worker's salary by up to 40%. The study examined over 1,000 skills in 25,000 workers, showing the positive impact of AI-related knowledge on potential salaries.
Three things to know today
00:00 The AI Gold Rush Pays: Companies Reap 3.5x Returns & Salaries Surge by 40%
04:50 Federal AI Blueprint Draws Industry Eyeballs as OMB Solicits Public Wisdom
07:58 Watermarking, the AI Apocalypse, & Adult Content Leveraging AI
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About Business of Tech: The daily MSP news and analysis podcast for managed service providers and IT services leaders. Host Dave Sobel covers AI for MSPs, MSP pricing and profitability, MSP M&A and private equity, vendor partner programs, MSP cybersecurity and liability, and MSP operations — and answers the question every story raises: Why do we care? Produced by MSP Radio.
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