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The growing adoption of artificial intelligence (AI) by corporates could play a key role in reducing the impact of tariffs imposed by the US and help companies navigate through these challenges, according to a report by HSBC.
The report highlighted that among 44 S&P 500 companies in its sample, managements reported a median operating cost reduction of 1.5%, along with efficiency gains averaging an impressive 24%.
HSBC noted that if AI adoption across the S&P 500 can deliver an aggregate 1% cost saving, a scenario it considers viable, it could offset…
