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  - Times of India - Business - 22/Aug 10:08

AI adoption offsets US tariff impact; corporates boost efficiency and cut costs; HSBC sees long-term operational gains

A recent HSBC report indicates that US corporations are increasingly adopting AI to offset the financial strain caused by tariffs. Analysis of S&P 500 companies reveals median cost reductions of 1.5% and productivity gains averaging 24%. AI adoption is viewed as a strategic move to modernize operations and mitigate external economic shocks, similar to changes seen during the COVID-19 pandemic.

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