April 3, 2025:
GenAI Spending Set to Soar in 2025 - Gartner projects worldwide GenAI spending to reach $644 billion in 2025, marking a 76.4% increase from 2024. Despite early dissatisfaction with results, investment persists in enhancing model size, performance, and reliability. Spending growth will be driven by AI integration into consumer devices and hardware.
CIOs are expected to increasingly opt for commercial solutions instead of developing their own. Gartner's forecast underscores the transformative impact of GenAI across IT markets, highlighting its influence on spending patterns and technology development strategies.
