Generative AI was supposed to make life easier for enterprises, instead it's becoming a "tax" with no clear revenue gains
Briefly

from ITPro7 months ago
The large language models (LLMs) powering generative AI are driving an increase in spending on infrastructure like data centers, with 24% growth expected this year.
ITProhttps://www.itpro.com/technology/artificial-intelligence/generative-ai-was-supposed-to-make-life-easier-for-enterprises-instead-it-s-becoming-a-tax-with-no-clear-revenue-gains
Software spending is predicted to increase by 12.6%, with the boom in generative AI impacting it as revenue flows mainly to AI model providers.
ITProhttps://www.itpro.com/technology/artificial-intelligence/generative-ai-was-supposed-to-make-life-easier-for-enterprises-instead-it-s-becoming-a-tax-with-no-clear-revenue-gains
Generative AI's impact is felt across technology sectors, with IT spending expected to grow by 7.5% overall, significantly influenced by the rise in data center and software expenditures.
ITProhttps://www.itpro.com/technology/artificial-intelligence/generative-ai-was-supposed-to-make-life-easier-for-enterprises-instead-it-s-becoming-a-tax-with-no-clear-revenue-gains
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#generative-ai #global-it-spending #data-center-systems #software-sector #it-industry-trends
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