PYMNTS Stock Tracker®

Welcome to PYMNTS’ Stock Tracker®, where we spotlight the companies that are a part of the PYMNTS Index fund.

Chewy Puts a $50 Million Price Tag on AI Productivity

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Chewy Puts a $50 Million Price Tag on AI Productivity

Many companies can’t put a number on what artificial intelligence does for their productivity. Chewy has one. Chewy CEO Sumit Singh said on the company’s second-quarter earnings call that Chewy expects AI to reduce its costs by about $50 million in fiscal 2027, up from the low tens of millions of dollars this fiscal year. Asked how confident he was in ...
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