ChatGPT’s popularity triggers global generative AI investment surge

While AI is not a new technology – companies have been investing heavily in predictive and interpretive AI for years – the announcement of the GPT-3.5 series from OpenAI in late 2022 captured the world’s attention and triggered a surge of investment in generative AI, according to IDC. As a result, IDC expects worldwide spending on AI solutions will grow to more than $500 billion in 2027. In turn, most organizations will experience a notable … More →

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