BLACKROCK: Intro to AI for curious investors With all eyes on generative AI (genAI) and its transformative potential, individual investors’ interest has been piqued. The market-moving innovation certainly has generated a lot of hype ― and questi... 22 Oct 2023
IDC Forecasts Spending on GenAI Solutions Will Reach $143 Billion in 2027 with a Five-Year Compound Annual Growth Rate of 73.3% NEEDHAM, Mass., October 16, 2023 – A new forecast from International Data Corporation ( IDC ) shows that enterprises will invest nearly $16 billion worldwide on GenAI solutions in 2023. This spending,... 21 Oct 2023
GenAI investments surge, anticipated to hit $143 billion by 2027 This spending, which includes GenAI software and related infrastructure hardware and IT/business services, is expected to reach $143 billion in 2027 with a compound annual growth rate (CAGR) of 73.3% ... 20 Oct 2023
McKinsey: How corporate and investment banks are tackling gen AI Wholesale banks have vast expertise in traditional AI. It’s a sound investment that is paying off again as generative AI takes hold. “It sure is a hell of a lot easier to just be first.” That’s one of... 18 Oct 2023
Reuters: GenAI startups biggest driver of unicorns, says VC firm Accel STOCKHOLM, Oct 17 (Reuters) - Generative artificial intelligence (GenAI) companies have become the major driver of unicorns -- startups reaching $1 billion valuation -- with 60% of the new ones fallin... 17 Oct 2023
Infosys: US businesses plan to invest 67% more in GenAI in 2024 Companies are speedily ramping up investments in generative AI and realising rapid returns, according to research from Infosys Knowledge Institute (IKI), which forecast that companies will hike GenAI ... 16 Oct 2023
How spending on GenAI beats all other IT investments The explosive adoption of generative artificial intelligence means that enterprises will invest nearly $16 billion worldwide on GenAI solutions in 2023. This spending is expected to reach $143 billion... 14 Oct 2023
Digital Transformation in the Era of Generative Artificial Intelligence Digital transformation in the era of generative AI represents a significant evolution in how businesses and organizations operate and leverage technology. It involves the integration of generative AI ... Digital Transformation 7 Oct 2023
Visa to invest $100m in GenAI firms focused on commerce and payments Visa has announced the launch of a $100 million generative AI (GenAI) ventures initiative to invest in GenAI start-ups that focus on payments, fintech and commerce. The initiative will be led by Visa ... 3 Oct 2023
80% of companies forecasted to use GenAI by 2026 The boom in artificial intelligence means that by 2026, more than 80% of enterprises will have used generative artificial intelligence (GenAI) one way or the other, up from less than 5% in 2023, accor... 20 Sept 2023
Generative AI boom sparks investment spree Generative AI, or GenAI, the term for artificial intelligence systems able to generate text, images, video, audio and other media in response to prompts, is making waves within the global technology s... 30 Aug 2023
Generative AI: The begining of a new era Generative artificial intelligence is here to change the way we think and work forever. Generative AI is artificial intelligence capable of generating text, images, or other media, using generative mo... 8 Aug 2023
