Gartner projects $644 billion in 2025 AI spending, but few understand GenAI's actual value

Editor's take: Judging from the discourse in my communication bubble, almost no one likes AI technologies. The most enthusiastic AI evangelists are vendors interested in selling you something AI related to cash in on the craze or the companies creating it and shoving it down our throats. A recent Gartner analysis reports that spending on generative AI (GenAI) will grow to unprecedented levels in 2025, even though very few organizations understand how this technology can help their businesses or profit prospects. Experts believe this market "paradox" trend will persist through 2025 and 2026. Global spending on GenAI will reach around $644 billion in 2025, a 76.4-percent increase compared to 2024. This spending trend comes despite the technology's lack of actual usefulness and error rate. Gartner VP Analyst John-David Lovelock says foundational model providers are investing billions in developing and enhancing their solutions regardless of the growing concerns about the technology. Th ... Read full article.