This week in business automation, major companies are using AI to change how they work. The AI market is now worth $391 billion and is growing fast. Almost all companies say AI is a top priority.

In retail, Amazon and Walmart are competing to use AI for things like supply chains and customer service. Amazon is using generative AI to automate its supply chain, while Walmart is improving its predictions and voice shopping. In India, pharmaceutical companies are using AI to speed up drug discovery. They are using AI for molecule prediction and trial simulation.

In cybersecurity, Accenture and Microsoft are working together to use generative AI for security. They are making it easier to protect data and manage identities. Also, a new start-up in Tel Aviv, Israel, has come out of stealth mode and raised $10 million. This start-up is focused on AI-first automation.

Even though AI is popular, many companies are not getting the return they hoped for. A report by IBM found that the average return on investment for AI projects is only 5.9%. This is because some companies rushed into AI without a clear plan. However, the AI market is still expected to grow five times in the next five years.