Companies point to AI gains in earnings
Santander, Novartis and other companies said artificial intelligence was beginning to lift revenue, reduce costs or improve profitability, CNBC reported. The examples arrived as investors pressed businesses to show measurable returns from spending on AI tools and infrastructure, shifting attention from broad adoption promises toward evidence in financial results.
Why it matters
Concrete earnings effects will shape whether investors continue rewarding heavy corporate spending on artificial intelligence.
Sources
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Part of the November 1, 2026 brief.