Computerworld March 31, 2025
Spending on the fast-moving technology will increase by 76% this year, driven mostly by purchases of generative AI-based software and services.
CIOs should prepare for a 76.4% rise in global generative AI (genAI) spending this year, driven by improved foundational models and growing demand, according to a Gartner research report released today.
Organizations are expected to spend $644 billion worldwide on genAI projects despite high failure rates among early projects, the lion’s share of which will be on services.
GenAI services are expected to grow 162% this year after jumping 177% last year. GenAI software, which grew 255% in 2024, will only grow by 93% this year. Perhaps the biggest shift, however, is in genAI devices, which are predicted to...
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