Updated

Santander, Novartis and other companies say artificial intelligence is beginning to boost revenue, cut costs or improve profitability, as investors seek returns on AI spending. CNBC reported that the companies' earnings commentary shows the first measurable payoff from AI investments promised to shareholders. The reports come as investors press companies to show that large AI spending is producing financial results rather than only capital outlays. The companies did not present the gains as uniform across the sectors they cover, and the scale of the benefits remains limited to the examples cited.