MCD - McDonald's Gets Into AI. What Investors Need to Know
2023-12-15 06:24:00 ET
It seems that just about every company is making artificial intelligence (AI) a big part of their growth plans for 2024 and beyond. Whether it's a central element of achieving revenue goals, as with software specialists such as Adobe , or merely a way to complement growth initiatives elsewhere in the business, AI tech holds the promise of boosting efficiency and speeding sales growth for many enterprises.
Even McDonald's (NYSE: MCD) is getting in on the fun. In early December, the company announced a new partnership with Alphabet 's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google to use AI in several innovative ways as part of its new growth plan that extends through 2027.
Let's look at the project and what it could mean for McDonald's investors.
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McDonald's Gets Into AI. What Investors Need to Know