Small Businesses Aren't Using AI Like You Think – Here's The Reality [Forbes]
Paychex, Inc. (PAYX)
Last paychex, inc. earnings: 3/25 08:15 am
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Source: Forbes
According to a new study from the U.S. Chamber of Commerce, nearly every small business - 98 percent of us! - said they are “utilizing a tool that is enabled by AI” and of these tools 40 percent said they were “using generative AI tools like chatbots and image creation.” When one reads those numbers you immediately think wow! Small businesses are really leaning into AI, right? Wrong. There are more than 30 million small businesses in the U.S. and I'm sure there are more than a few intrepid entrepreneurs that are leaning into AI apps and tools and platforms to help them run their businesses. They are pioneers. They're probably solopreneurs or run very small companies, where there's low risk if something doesn't work or “hallucinates” (which is another word for AI not working.) They're geeks and gamists and enjoy monkeying around with technology. But most small business owners aren't like this. They run pizza shops and gas stations. They lay bricks and put up drywall. They sell p
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News
- Investing in Paychex (NASDAQ:PAYX) five years ago would have delivered you a 86% gain [Yahoo! Finance]Yahoo! Finance
- Gear Up for Paychex (PAYX) Q1 Earnings: Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Paychex, Inc. (NASDAQ: PAYX) had its price target raised by analysts at Citigroup Inc. from $125.00 to $145.00. They now have a "neutral" rating on the stock.MarketBeat
- Paychex (PAYX) Reports Next Week: What Awaits? [Yahoo! Finance]Yahoo! Finance
- Paychex, Inc. (NASDAQ: PAYX) had its price target raised by analysts at Barclays PLC from $118.00 to $132.00. They now have an "equal weight" rating on the stock.MarketBeat
PAYX
Earnings
- 6/26/24 - Beat
PAYX
Sec Filings
- 9/6/24 - Form 4
- 8/30/24 - Form 4
- 8/30/24 - Form ARS
- PAYX's page on the SEC website