Clover Infotech Blog Gartner Forecasts Worldwide GenAI Spending to Reach $644 Billion in 2025

Worldwide Generative AI (GenAI) spending is expected to total $644 billion in 2025, an increase of 76.4% from 2024, according to a forecast by Gartner, Inc. "Expectations for GenAI's capabilities are declining due to high failure rates in initial proof-of-concept (POC) work and dissatisfaction with current GenAI results," said John-David Lovelock, Distinguished VP Analyst at Gartner. "Despite [...]The post Gartner Forecasts Worldwide GenAI Spending to Reach $644 Billion in 2025 appeared first on Clover Infotech.