Generative AI gold rush drives IT spending — with payoff in question
CIO
APRIL 19, 2024
A scramble to invest in artificial intelligence and a natural replacement cycle for computing devices purchased during the COVID pandemic will lead to an 8% increase in global IT spending this year, Gartner predicted. Interest in AI, building since last year, will push a 10% increase in data center system spending this year, driving worldwide IT spending to $5.06 trillion, said John-David Lovelock, distinguished vice president analyst at Gartner.
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