Ai Spending news and trends

DeepMind Head: Google AI Spending Could Exceed $100 Billion
artificial intelligence // April 16, 2024

Google’s top AI executive says the company’s spending on the technology will surpass $100 billion. While speaking Monday (April 15) at a TED Conference in Vancouver, DeepMind CEO Demis Hassabis was asked about recent reports of Microsoft and OpenAI’s planned artificial intelligence (AI) supercomputer known...

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Report: AI Will Take Up 10% of Big Tech IT Budgets

May 12, 2024
Artificial intelligence (AI) projects are set to comprise up to 10% of companies’ IT budgets. That’s according to a report Sunday (May 12) by Seeking Alpha, citing research by Wedbush. As the report notes, it’s a dramatic jump in AI spending, which last year accounted for under 1% of IT spending. “While the first wave of […]

DeepMind Head: Google AI Spending Could Exceed $100 Billion

April 16, 2024
Google’s top AI executive says the company’s spending on the technology will surpass $100 billion. While speaking Monday (April 15) at a TED Conference in Vancouver, DeepMind CEO Demis Hassabis...