AI Spending To Exceed A Quarter Trillion Next Year

IT spend mounts as CIOs build out enterprise AI capacity

The analyst firm expects tech spending to reach $5.74 trillion next year, driven in part by exponential growth in server sales.

AI's technological revolution: Promised land or a pipe dream?

US investment bank Goldman Sachs expects an AI investment volume of around $158 billion this year, with about half of that amount going to the ...

Big Tech says AI is booming. Wall Street is starting to see a bubble.

The industry has rushed head-long into AI, and stock market investors are following them. But a growing group of Wall Street analysts are ...

AI's trillion dollar time bomb - CNBC

There's a time bomb ticking in the AI space: spending is too high, and returns are too low. Megacaps like Meta, Google and Amazon have seen ...

The AI Spending Spree, in Charts - WSJ

Venture-capital investments in AI startups are at $64.1 billion so far this year, putting them on track to approach a peak set during a broader ...

Nvidia's results show AI spending boom continues - Axios

What's next: Huang predicted Nvidia will benefit next year and beyond ... "The next trillion dollars of the world's infrastructure will ...

Bubble Fears Emerge About Trillion-Dollar AI Bet Fueling ... - Bisnow

A Goldman Sachs analysis suggests AI will lead to a 9% increase in U.S. productivity and a 6.1% increase in GDP in the next ten years, while PWC ...

IDC forecasts global AI spending to go past half-trillion mark by 2023

Worldwide spending in the artificial intelligence market is set to grow 19.6% year-over-year in 2022 to $432.8 billion on its way to breaching the $500 billion ...

What could kill the $1trn artificial-intelligence boom? - The Economist

Alphabet and Microsoft, along with Amazon and Meta, will together spend $104bn building AI data centres this year, estimates New Street Research ...

AI's trillion dollar time bomb - YouTube

There's a time bomb ticking in the AI space: spending is too high, and returns are too low. Megacaps like Meta, Google and Amazon have seen ...

Biden's $1.67 trillion budget boosts tech, AI - Nextgov/FCW

The budget includes $850 billion in defense spending, up $34 billion from 2023 enacted levels. Non-defense discretionary funding is $770 billion ...

GenAI, Hiring Crunch Prompt Higher 2024 IT Spending Forecast ...

-based firm's 2024 forecast fell to about $5 trillion last quarter after lowering its expected 2024 spending on IT services, software and ...

Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024

Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc.

Breakingviews: The $5 trillion AI boom could both succeed and fizzle

This implies they collectively will need to earn $292 billion of AI-related revenue over four years, or about $73 billion a year. That's ...

AI could increase corporate profits by $4.4 trillion a year, according ...

Generative AI technologies like ChatGPT have taken the world by storm, thanks to their stunning ability to parse natural language and make ...

The question that will determine the future of AI | Ctech

"Tech giants and beyond are set to spend an estimated $1 trillion on AI capex in coming years. Will this investment pay off? And if it doesn ...

Gartner projects major IT spending increases for 2025 - CIO

Global IT investments of more than $5.7 trillion will be driven by a combination of factors, including AI infrastructure, price increases, ...

How AI can boost productivity and jump start growth

By our estimates, the cumulative rise in AI capex spend over the next five years will total about $400 billion, which is just 0.3% of expected ...

A.I. is now the biggest spend for nearly 50% of top tech executives ...

In a signal of just how quickly and widely the artificial intelligence boom is spreading, nearly half of the companies (47%) surveyed by CNBC ...

IT services spend will reach $2 trillion by 2028: Forrester | CIO Dive

Gartner's more bullish, expecting the number to exceed $5 trillion for the first time this year. Accenture, the largest IT and management firm ...