Monday, May 20, 2024
No menu items!
HomeCloud ComputingA crisis of spending and cloud-based GenAI

A crisis of spending and cloud-based GenAI

The rush to generative AI is driving unexpected spending. It’s no longer considered optional to have generative AI system development and deployment plans; it’s a priority for boards and executive leadership. Thus, the question comes up quickly of how to pay for it, cloud or no cloud.

The numbers are scary to someone who has created these budgets in the past. IT executives now expect 2023 generative AI budgets to be 3.4 times greater than anticipated. However, only 15% of tech execs expect to fund this uptick with net-new spending.

To read this article in full, please click here

InfoWorld Cloud ComputingRead More



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments