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AI is boosting revenue, cutting cost for tech companies amid high inflation

Summary by Latest Nigerian News
AI has transitioned from a futuristic concept to a tangible profit-generating tool that companies are leveraging to grow revenue, optimize costs, and elevate productivity amid high inflationary pressures
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AI is boosting revenue, cutting cost for tech companies amid high inflation

AI has transitioned from a futuristic concept to a tangible profit-generating tool that companies are leveraging to grow revenue, optimize costs, and elevate productivity amid high inflationary pressures

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TechCabalTechCabal

How AI in business is cutting operations costs amid high inflation

When Kassy Olisakwe started Auroraweb3, a Nigerian company that builds decentralized solutions, websites, and applications for businesses, in 2020, his annual revenue was ₦114 million ($74,000). But since adopting Artificial Intelligence (AI) tools like Claude, Cursor, ChatGPT, Juro, and Perplexity, that figure has more than quadrupled to ₦481 million in six months and, by his projections, will likely double in the coming months. “By leveraging …

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TechCabal broke the news in on Friday, April 4, 2025.
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Similar News Topics

Artificial Intelligence

Artificial Intelligence

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