Goldman Sachs on Q2 Earnings: AI Spending Keeps Surging, but Profitability Remains Elusive

Odaily News: In its latest report, Goldman Sachs noted that during the Q2 earnings season, only 2% of S&P 500 companies quantified AI's impact on their earnings. Among them, merely 11% highlighted measurable productivity gains from AI in specific areas such as software coding or customer support. It's also worth noting that companies reporting AI-driven productivity improvements did not see significantly higher earnings growth compared to the rest of the market. These companies posted a median earnings growth of 17% year-over-year, while those that did not quantify AI productivity gains saw a median growth of 14%. Goldman Sachs stated that this difference is not statistically significant.