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Business Insider
an hour ago
- Business Insider
3 parts of the market where AI hype is turning into real returns, according to Morgan Stanley
Google AI investments are starting to deliver as adoption gains momentum, Morgan Stanley says. Financials, real estate, and consumer sectors show significant increases in AI adoption. AI adopters are leading the stock market rally with more positive earnings revisions as well. Investors have been eager to know if the billions of dollars of AI investment are actually delivering a return for companies. Morgan Stanley thinks the answer is yes. The bank's latest version of its AI Adopter survey shows that AI exposure and adoption are clearly gaining steam. Over the last few months, the financials sector has seen AI-related gains. Among insurance companies, the amount of adopters increased from 48% to 71% since January 2025. For financial services companies, the amount of adopters increased from 66% to 73% in that same period. "In our proprietary survey of 400 companies adopting GenAI into their products, Financials companies showed the greatest amount of low-hanging opportunities across both cost and revenue lines," the bank wrote in its July 2025 edition of the AI Adopter survey. Morgan Stanley Companies in the sector have been investing heavily into AI capabilities to automate customer service and enhance risk and compliance protocols. Additionally, the real estate and consumer sectors showed the biggest rate of change in terms of AI adoption. Morgan Stanley found that almost 30% of consumer durables and apparel stocks increased their AI exposure, or their involvement with AI technologies. Around 10% of these consumer stocks experienced an increase in AI materiality, meaning that AI became more important to these stocks' core investment thesis. Overall, the percentage of consumer durables and apparel companies that Morgan Stanley qualifies as AI adopters increased from 20% to 44%. A large part of the AI adoption within the consumer sector comes from supply chain optimization — for example, retailers like Target and Walmart are using the technology to manage inventory. In the real estate sector, 32% of REITs are now more exposed to AI than they were in January. Roughly 37% of tasks across 525,000 roles in the public REIT and commercial real estate services sector could be automated, according to Ron Kamdem, Morgan Stanley's head of U.S. REITs and commercial real estate research. Leasing services, property management, and risk management are all areas in real estate that can be made more efficient by AI, with the biggest gains coming from automation in the brokers and services segment of the real estate industry. Companies that are exposed to AI are noticeably pulling ahead of those who haven't integrated the technology when it comes to earnings revisions, the bank added. "There are clear signs of alpha from AI materiality among companies — this can be seen in relative price performance and earnings revisions," Morgan Stanley analysts wrote. Morgan Stanley Going forward, the gap between companies that have successfully adopted AI and those that have not will only continue to grow. As the stock market continues to trend upward amid higher earnings revisions, AI adopters with high pricing power are leading the rally with higher earnings revisions, while companies disrupted by AI are seeing negative revisions, Morgan Stanley said.
New York Post
an hour ago
- New York Post
Privateer Rum CEO Andrew Cabot was on an overseas work trip when Coldplay 'kiss cam' scandal broke: source
Privateer Rum CEO Andrew Cabot was on an overseas business trip when his wife Kristin Cabot was caught canoodling at a 'Coldplay' concert – and the couple's relatives were likewise blindsided by the scandal, a source close to the situation told The Post. The tipster said Cabot, the founder of the Massachusetts-based, high-end liquor maker, had been on a work-related trip to Japan and returned to find himself and his family in the middle of social media firestorm. [Andrew] was in Asia for a few weeks and returned on Saturday, so he was gone while all this went down,' said the source, who requested anonymity to discuss the situation. 'Poor guy.' Advertisement 5 Kristin Cabot pictured with Andrew Cabot in 2024. Maud Cabot/Facebook Multiple attempts to contact Andrew Cabot and Privateer Rum went unanswered. When The Post called Privateer Rum, the company's voicemail box was full. Kristin and Andrew Cabot married sometime after her previous divorce was finalized in 2022. The source said there had been little indication of any trouble in paradise before the Coldplay concert video went viral. Advertisement 'The family is now saying they have been having marriage troubles for several months and were discussing separating – which I find interesting since as of a month ago they were saying how in love they are,' the source added. 5 Andrew Cabot is part of one of the oldest and wealthiest families in Massachusetts. Boston Globe via Getty Images The Post was first to report that Kristin Cabot, whose maiden name in Stanek, was married to Andrew Cabot and that the pair had purchased a $2.2 million mansion in Rye, New Hampshire just five months before the scandal broke out. The Cabots were seen smiling and wearing wedding rings alongside two young kids in a Facebook post from May 2024. Advertisement Andrew Cabot is a member of one of the oldest and wealthiest families in Boston. The Cabots are one of the original 'Boston Brahmin' clans that controlled New England for centuries. 5 The home of Andrew and Kristin Cabot in Rye. LP Media A bio on Privateer's website says his 'ancestor, the original Andrew Cabot (1750-1791), was a merchant, rum distiller and successful American privateer during the American Revolution.' The brand — whose high-end bottles can retail for upwards of $100 each — touts its strict use of authentic ingredients and 'Made in the USA' pedigree. Advertisement 'One thing is certain,' one ad advises. 'Privateer advocates transparency, honesty and purity.' 5 Andy Byron (3rd from left) and Kristin Cabot (far right) in an undated photograph. Bain Capital Ventures Kristin Cabot's now-deleted LinkedIn account showed that she has served as an 'advisory board member' at Privateer Rum since September 2020. Andy Byron, the now-ousted CEO of New York-based software firm Astronomer, was caught canoodling on the jumbotron 'kiss cam' at Gillette Stadium. wit Kristin Cabot, the company's head of HR. Both scrambled to get out of sight, prompting Coldplay frontman Chris Martin to joke, 'Either they're having an affair or they're just very shy.' 5 Andy Byron and Kristin Cabot were caught canoodling at a Coldplay concert. Grace Springer via Storyful Astronomer placed both Kristin Cabot and Byron on leave while they investigated the incident. By last Saturday, Byron had resigned, with Astronomer cofounder Pete DeJoy taking over as the new interim CEO. So far, Kristin Cabot has yet to be fired.
Digital Trends
an hour ago
- Digital Trends
Sony makes one of the best OLED TVs, this deal makes it $900 more affordable
Every day we find incredible TV deals, so there's never really a point in buying a TV at the regular price. That is, unless you want one of the best TVs all around, which have more of a reason to not go on sale frequently. They already get lots of attention and have the chops to justify high prices. However, from time to time we do find a great deal on one of our favored TVs. This time around we're see a $900 discount on the 65-inch Sony Bravia 8 OLED, one of our picks for the best OLED TVs. Getting the TV now, which you can do simply by tapping the button below, will only cost you $1,900 instead of the usual $2,800. Read on to learn why the TV is so great, as well as to see the special reason why it's included in our list of OLED TVs. Why you should buy the Sony Bravia 8 OLED The Sony Bravia 8 OLED is a brilliant TV for your living room or gathering area. It's a weird thing to say, but a lot of TVs have a sort of 'hermit' personality and are really best enjoyed with a small group in a dark room. Not the Sony Bravia 8 OLED, with its wide viewing angle and ability to stand up to ambient lighting. This is a TV to grab the crew around and watch some ball or have in your living room to give you some company while you watch the kids. It's a TV to enhance your life with, but it doesn't have to So, why did this TV make it on our OLED shortlist? It happens to be the best Sony OLED for the price. And, of course, by this we mean its standard price. The quality is simply there; it has rich colors and black levels that make things pop, whether you're in the living room or not. So, why not grab it while it is $900 cheaper and you can get it for $1,900 instead of the usual $2,800.
