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 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 those figures, Singh said he has high confidence.