NVIDIA said in a company blog post that its annual "State of AI" reports, based on responses from more than 3,200 respondents, show artificial intelligence is driving revenue growth, reducing costs and lifting productivity across industries.
The reports cover financial services, retail and consumer packaged goods, healthcare and life sciences, telecommunications and manufacturing, and show 64% of respondents are actively using AI, 28% are assessing projects and 8% are not using the technology. Larger firms report higher adoption, with 76% of companies employing more than 1,000 people actively using AI.
Survey respondents list operational efficiency (34%), improved employee productivity (33%) and new revenue opportunities (23%) as top AI goals.
The reports cite specific results: PepsiCo’s digital twins identified up to 90% of potential issues, delivered a 20% throughput increase, achieved nearly 100% design validation and produced 10-15% reductions in capital expenditure. Lowe’s has created AI-powered digital twins of more than 1,750 stores and generates 3D product models for less than $1 per model.
On financial services, Michael O’Rourke said, "At Nasdaq, we are a technology platform company, and AI has the ability for us to unite all the different businesses and products," said Michael O’Rourke, senior vice president and head of AI and emerging technology at Nasdaq.
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The surveys report 88% of respondents say AI increased annual revenue in some part of the business, with 30% reporting gains greater than 10%. On costs, 87% report reductions, and 25% say decreases exceeded 10%; retail and CPG respondents lead with 37% reporting cost cuts above 10%.
Respondents expect continued investment: 86% say AI budgets will increase and 12% say budgets will remain the same. Open source is central to strategy for 85% of respondents, and organisations cite data readiness (48%) and lack of AI experts (38%) as the top adoption obstacles.
The recap
NVIDIA's "State of AI" reports show industry-wide AI gains
88% of respondents report AI increased annual revenue
86% of respondents say their AI budgets will increase