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AAP
AAP
Jennifer Dudley-Nicholson

$50K in a day: why firms are struggling with AI costs

A summit has been told many companies are not using artificial intelligence technology effectively. (George Chan/AAP PHOTOS)

Most businesses are struggling to adopt artificial intelligence effectively, with some companies burning through budgets prematurely while others use the technology as a scapegoat for job cuts.

Fewer than one in five companies are using the technology to its best advantage, experts say, while almost one in three are only experimenting with it.

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