Forbes October 25, 2024
AI is all the rage, and it’s driven up excitement in the tech markets. But if you are a tech executive, it’s also causing headaches. There might be pressure on you to allocate money to unproven generative AI projects, and that means squeezing money out of the bread-and-butter tech budget.
This trend is pressuring traditional technology budgets and creating a divergence in technology markets, as indicated by earnings results and tech stocks.
“Enterprises are very bullish on generative AI and as a result are cutting back budgets in many areas to make investments for gen AI,” Rikin Shah, cofounder of tech integrator Slower, told me this week.
The Rising AI Expectations Gap
These conflicting undercurrents lead to another question as...
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