GoKawiilSantander says AI generated €194 million in business value this year
Santander told CNBC its AI initiatives produced €194 million ($216 million) in business value across the first nine months of 2026, with CFO José García Cantera saying the technology is now cutting costs and boosting revenue simultaneously. Novartis and Standard Chartered also cited AI contributions to third-quarter results, though Novartis did not break out a specific figure from its $6.04 billion core operating income.
GoKawiil's interpretation of the reporting above, not reported fact.
These disclosures suggest some large companies are starting to move past vague AI hype and attempt to quantify returns, which could pressure other firms to show similar evidence after years of heavy spending. With corporate AI investment reportedly reaching $581.7 billion in 2025 according to Stanford HAI, investors appear increasingly focused on whether that spending translates into measurable profit rather than just promised efficiency gains.
- Santander reported €194 million in AI-driven business value for the first nine months of 2026.
- Novartis and Standard Chartered also credited AI for contributing to quarterly results without full quantification.
- The disclosures come amid surging corporate AI spending, reported at $581.7 billion in 2025 per Stanford HAI.
Source: cnbc.com — Sawdah Bhaimiya, 2026-11-01
Published there as: “Companies promised AI gains— here's how the payoff showed up in earnings”
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