Generative AI On The Rise: 93% Of Companies To Boost Spending, US May Fall Behind
Portfolio Pulse from Chris Katje
A new study reveals that 93% of companies globally plan to increase their artificial intelligence (AI) spending in the next year. The rise in AI interest and investments is attributed to the success of ChatGPT and a $10 billion investment in its parent company, OpenAI, by Microsoft Corporation. The study also shows that the US may lag behind other countries in AI spending, with China and India more likely to increase their spending.
August 10, 2023 | 1:00 pm
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Microsoft's $10 billion investment in OpenAI has contributed to the rise in interest and investments in AI. However, the study suggests that the US, where Microsoft is based, may lag behind in AI spending.
Microsoft's significant investment in OpenAI has been a major driver in the increased interest and investment in AI. This could potentially boost Microsoft's position in the AI market. However, the potential lag in AI spending in the US could impact the pace of AI development and adoption in the country, which could indirectly affect Microsoft.
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