Santander reports €194 million AI‑generated business value in first nine months of 2026
Corporate AI spending hit $581.7 billion in 2025, a 130% jump from the year before, according to Stanford HAI’s 2026 AI Index. Hyperscalers such as Microsoft, Amazon, Google and Meta are projected to invest $700 billion together this year, raising investor pressure for measurable returns.
Key points
- Santander says AI initiatives generated €194 million ($216 million) in business value during the first nine months of 2026.
- Novartis reported Q3 core operating income of $6.04 billion, up 10% YoY, with the CEO noting AI now improves the P&L.
- Google Cloud revenue more than doubled to nearly $31 billion in Q3, while Google Search growth slowed amid AI competition.
In the latest earnings season, Santander’s CFO José García Cantera said AI initiatives delivered €194 million ($216 million) of business value in the first nine months of 2026, citing gains in both revenue and cost efficiency. Novartis posted Q3 core operating income of $6.04 billion, up 10% YoY, with CEO Vas Narasimhan noting AI is now tangibly improving the P&L. Standard Chartered reported 14% operating‑income growth, attributing part of the boost to AI‑driven process scaling, while Carlsberg saw a 4.9% revenue rise linked to AI‑enhanced pricing and supply‑chain work. Tech firms also flagged AI benefits: Meta claimed “substantial incremental advertising revenue,” and Google Cloud revenue more than doubled to nearly $31 billion, even as Google Search growth slowed amid AI competition.
The story so far
6 episodes →- Santander reports €194 million AI‑generated business value in first nine months of 2026this story
Companies promised AI gains— here's how the payoff showed up in earnings
CNBC Technology · 1 November 2026
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