EY's AI leader says companies are too focused on AI cost-cutting

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Wall Street tends to reward CEOs who slash jobs in the name of efficiency. However, those companies are leaning into an area with the "smallest level of return," Dan Diasio, EY's global consulting AI leader, told Business Insider. "There's a very clear limit to the amount of value you can create by just focusing on productivity and cost reduction," said Diasio, who also serves as EY's Americas consulting CTO. He said AI may be able to shrink the time spent on a task, but it doesn't necessarily

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