Gartner forecasts gen AI spending to hit $644B in 2025: What it means for enterprise IT leaders

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Make no mistake about it, there is a lot of money being spent on generative AI in 2025. Analyst firm Gartner released a new report today forecasting that global gen AI spending will hit $644 billion in 2025. That figure represents a 76.4% year-over-year increase over gen AI spending in 2024. Gartner’s report joins a chorus of other industry analyses in recent months that all point to increasing adoption and spending for gen AI. Spending has been growing by 130%, according to research conducted by AI at Wharton, a research center at the Wharton School of the University of Pennsylvania. Deloitte reported that 74% of enterprises have already met or exceeded gen AI initiatives. While it’s no surprise that spending on gen AI is growing, the Gartner report provides new clarity on where the money is going and where enterprises might get the most value. According ... Read full article.