Investment | SophoTree

European SaaS back to 2019 levels with a GenAI boost

Generative AI is fuelling European software-as-a-service (SaaS) and cloud services startups, according to the latest report published by VC firm Accel. The 2023 Euroscape report says that although inv...

Artificial Intelligence Generative AI

28 Oct 2023

Companies rapidly scaling generative AI investments

Infosys research forecasts 67 per cent increase in GenAI investments, totalling $6 billion in US and Canada; enterprise leaders embrace pragmatic approach. According to new research from the Infosys K...

Artificial Intelligence Generative AI

28 Oct 2023

Efficient Growth a Priority as Leaders Invest in GenAI

Authored by: Federico Fabbri , Clark O’Niell , Geoffrey Cheung , Ori Perlman , and Heiner Himmelreich For IT leaders, efficient growth is the name of the game. That’s the key takeaway from Boston Cons...

Artificial Intelligence Generative AI

26 Oct 2023

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...

Artificial Intelligence Generative AI

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,...

Artificial Intelligence Generative AI

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% ...

Artificial Intelligence Generative AI

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...

Artificial Intelligence Generative AI

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...

Artificial Intelligence Generative AI

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 ...

Artificial Intelligence Generative AI

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...

Artificial Intelligence Generative AI

14 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 ...

Artificial Intelligence Generative AI

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...

Artificial Intelligence Generative AI

20 Sep 2023

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