Enterprises are throwing money at AI

AI has become a significant investment for most enterprises – with 42% now having a dedicated budget of $1 million or more – according to a report by market analyst Omdia.
The report found that while substantial budgets are being spent on AI right now, the 369 participating enterprises were surveyed in February 2023, and budgets for this year were likely set before the current buzz/terror around generative AI. As such it says AI budgets will increase even further in 2024.
“42%