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According to a recent Gartner report, global spending on generative AI is projected to reach $644 billion by 2025, a 76.4% increase from 2024. This significant growth reflects the rising adoption of generative AI by businesses. The report indicates that hardware will constitute a substantial portion of the generative AI spending in 2025. (Image generated by AI; image licensing provided by Midjourney)

A look into the life of a woman in a county town who spends significantly more than she earns, highlighting the complexities of consumption and social status outside of major metropolitan areas.

In 2024, global mobile users spent an astonishing $1.27 billion on AI chatbots and art generation tools. This figure represents significant growth compared to the previous two years, with spending on chatbot applications reaching $1.07 billion, reflecting a strong demand and recognition for AI assistants. According to the latest market report, ChatGPT leads in both downloads and consumption in the AI-generated content (AIGC) application space, becoming the preferred choice for users. Following closely is Google's Gemini.

Hock Tan, CEO of the American semiconductor company Broadcom, recently stated at an investor conference that the investment boom in artificial intelligence (AI) by tech giants is expected to continue until the end of this century. He emphasized that despite global economic challenges, spending in the AI sector is rapidly increasing, indicating strong market demand. Image source note: The image is generated by AI, image provided by the service provider Midjourney. Hock Tan pointed out at the conference that tech companies are 'fully investing' in

According to the International Data Corporation (IDC) report titled 'Worldwide Artificial Intelligence and Generative AI Spending Guide', global spending on artificial intelligence (AI) is expected to reach $632 billion by 2028, with a compound annual growth rate (CAGR) of 29.0%. AI plays a critical role in employee experience, customer interaction, and business process transformation. Despite the high attention on Generative AI (GenAI), its spending is lower than that of other AI applications such as machine learning, deep learning, and natural language processing; however, GenAI investment is rapidly increasing, and it is expected to lead to significant growth.

The 'Cloud Pulse' report released by Wipro reveals that cloud computing is developing at an astonishing pace, with generative artificial intelligence (GenAI) as a key driver. Based on a survey of over 500 senior leaders in North America and Europe, the report indicates a substantial increase in cloud investment, particularly in hybrid and public cloud solutions. Industries such as manufacturing and banking plan to ramp up their investments in hybrid cloud, focusing on public cloud. AI-driven solutions are essential for modernizing IT infrastructure, and companies prefer to adopt hybrid cloud to avoid vendor lock-in, optimize costs, and enhance integration.

In the next four years, businesses are expected to increase their spending on generative AI in mobile messaging channels by 1250%, reaching $11 billion. The prediction indicates that automated content personalization will be a key driving force for future growth. Research suggests that messaging providers adopt generative AI to achieve a unified customer experience across different channels. By 2028, over 40% of generative AI spending will be attributed to RCS.

In 2023, global investments by enterprises in generative artificial intelligence (GenAI) solutions reached $19.4 billion, and this is expected to double in 2024. International Data Corporation (IDC) predicts that from 2023 to 2027, spending on GenAI software, hardware, and services will reach $151.1 billion by 2027, with a compound annual growth rate of 86.1%. In 2024, companies will accelerate their investments in AI, transitioning from cost reduction and productivity improvement to increasing revenue and enhancing business outcomes. IDC states that

Tech giants like Microsoft, Google, and Amazon invested $27 billion in AI-related deals last year, accounting for two-thirds of the total amount raised by emerging AI companies. The rapid growth in investment highlights how Silicon Valley giants are crowding out traditional tech investors in the largest deals. The cloud infrastructure and powerful chip access of large tech companies have allowed them to stand out in the AI field, forcing venture capitalists to slow down their spending. Venture firms are still looking to invest in applications based on foundational models developed by companies like OpenAI, but most leading firms have already...

In the third quarter of 2023, corporate digital advertising spending decreased by 8% year-over-year. Despite the overall decline, ByteDance's advertising has doubled annually, while X Ads experienced a 31% year-over-year increase. The rise of generative artificial intelligence drove OpenAI to increase spending by 51% in the third quarter.

In Q3, global spending on generative AI applications exceeded $125 million, setting a new historical record. User spending achieved a 9% quarter-over-quarter growth, reflecting the interest and demand for generative AI applications. AIGC category applications grew by 158% in Q2, reaching $114.7 million, primarily driven by AI chatbots. The AI chatbot subcategory accounted for the majority of generative application revenue, with monetization primarily through in-app subscriptions. The AI art generator application...

🔍 Government Quadruples AI Spending: The UK government will increase spending on AI chips and supercomputers. 🌐 UK Positioned as a Global Hub: The UK government aims to position the country as a global center for AI technology through agreements with international research networks. 🔬 Supercomputer Investment: The government has approved an investment of £100 million for a supercomputer facility in Bristol.

International Data Corporation anticipates that global spending on generative AI will reach $143 billion by 2027. In 2023, global enterprise investment in generative AI is approximately $16 billion, with a compound annual growth rate of 73.3%. The growth rate of generative AI investment is more than twice that of overall AI spending and thirteen times that of global IT spending during the same period. It is expected that by 2027, generative AI spending will account for 28.1% of total AI spending, up from just 9% in 2023. Investment will naturally grow as organizations shift from experimentation to building and then to widespread adoption.