Nvidia, Meta, Walmart among top companies adopting AI

It seems like every company is obsessed with AI these days, whether it’s how the technology is transforming the industry or its effects on employees and customers.

However, the degree to which companies use AI tools internally and adapt to the rapidly changing reality varies significantly. A new study Artificial Intelligence Focused Business Institute (AIDE) explains how good it is S&P 500 companies and their leaders are embracing AI more than their peers.

According to data shared with CNBC, the best performers are, unsurprisingly, concentrated in the technology sector. AIDE examined four areas: literacy, advocacy, referral and implementation, assigning each company a score of up to 100 in four categories and then providing an overall index score.

In technology, the highest company score (average of the orientation and application columns) and the only 100 points awarded to the chip manufacturer Nvidiawhich has become the world’s largest company by selling chips and systems that power the development of artificial intelligence models and services. Meta And Amazon It is also rated 100, but in the S&P 500 these companies are valued as communications services and consumer discretionary names, respectively.

The only remaining 100 company points went to the energy producer SLBformerly Schlumberger. The next highest scoring name was the retailer Walmartbehind AES And NextEra Energyboth are classified as utilities.

The new open source index uses publicly available data like earnings call transcripts, job openings and patent filings to measure how much executives know and say about AI, as well as how much their companies are prioritizing the technology and bringing it into day-to-day operations.

“The data does not measure whether AI produces financial returns, but is intended to give leaders an objective way to compare their strategies with their peers without relying on self-reported surveys,” said Paul Cheek, CEO of AIDE and a senior lecturer at the Massachusetts Institute of Technology.

“When the board asks the CEO: ‘How do we compare to our peer group?’ — I don’t want this to be speculative,” Cheek said in an interview. “I want them to have some data they can use to back up what they have to share.”

There is “significant room for improvement” for board members and executives to increase their own AI literacy, Cheek said, adding that boards need to better understand AI because it “relates to the ability to manage risks and strategic investments in organizations that create value for all of us.”

Here are the 20 companies with the highest overall scores based on “orientation” and “implementation” scores:

1. Nvidia (100)
2. Schlumberger (100)
3. Amazon (100)
4. Meta (100)
5. Walmart (95.84)
6. AES (95.46)
7. NextEra Energy (95.44)
8. ecolab (95)
9. Digital Real Estate (94.74)
10. Strip (94.74)
11. Alphabet (94.72)
12. Equinox (94.59)
13. IQVIA (93.75)
14. Dow (93.34)
15. halliburton (92.83)
16. Broadridge Financial Solutions (91.66)
17. Microsoft (91.37)
18. To obstruct (90.91)
19. Duke Energy (90.91)
20. PepsiCo (90.62)

According to the “AIDE Index”, the companies at the top of their sectors are as follows:

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