AI STATS 2024
Spending on generative AI next year will amount to little more than $20bn, or 0.5 per cent of total global IT spending, says John-David Lovelock, chief forecaster at IT research firm Gartner. By comparison, IT buyers will spend five times as much on security, he adds.
Macro forecasts tell a positive story. Analysts at Goldman Sachs estimate that after a slow start, with investment in AI hovering below half a per cent of GDP, spending will jump in the latter part of this decade to reach more than 2.5 per cent of GDP by 2032
