Security News > 2023 > November > ChatGPT’s popularity triggers global generative AI investment surge

While AI is not a new technology - companies have been investing heavily in predictive and interpretive AI for years - the announcement of the GPT-3.5 series from OpenAI in late 2022 captured the world's attention and triggered a surge of investment in generative AI, according to IDC. As a result, IDC expects worldwide spending on AI solutions will grow to more than $500 billion in 2027.

In turn, most organizations will experience a notable shift in the weight of technology investments toward AI implementation and adoption of AI-enhanced products/services.

"ChatGPT's explosive global popularity has given us AI's first true inflection point in public adoption," says Ritu Jyoti, group VP, Worldwide Artificial Intelligence and Automation Market Research and Advisory Services at IDC. "As AI and automation investments grow, focus on outcomes, governance, and risk management is paramount."

Increased utilization of AI in application modernization IT services can streamline efficiency, enhance services delivery speed, and bolster IT services margins.

While technology is a source of advantage, it is the business model that will help businesses monetize generative AI and drive lasting competitive advantage.

Until AI workloads that require the offload of tasks from server processors to accelerators standardize on algorithms and software stacks tuned to server processors, purchase of accelerators will eat into purchase of server processors.

News URL

https://www.helpnetsecurity.com/2023/11/17/generative-ai-investment-surge/