Gartner's analysis predicts that global IT spending will reach over $5.5 trillion by 2025, primarily driven by hardware upgrades for generative AI. However, despite this increase, expectations for the technology's capabilities are decreasing among stakeholders. Gartner's VP John-David Lovelock indicates that generative AI is entering the ‘trough of disillusionment,’ signaling a disconnect between growing investment and diminishing satisfaction with its outputs. As demands for practical benefits rise, the viability of this spending bubble is called into question, suggesting a challenging future ahead for AI advancements.
AI companies are increasing their investments in generative AI technology despite a growing skepticism in the market regarding its practical benefits.
Gartner reports suggest that while spending on AI is surging, expectations for functionality are decreasing, leading to a potential disillusionment phase.
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