Global AI Spending to Reach $154B in 2023: IDC
International Data Corp. forecast Tuesday that global spending on AI software, hardware and services will reach $154 billion in 2023, 26.9% above 2022. “The ongoing incorporation of AI into a wide range of products will result in a compound annual…
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growth rate of 27.0% over the 2022-2026 forecast with spending on AI-centric systems expected to surpass $300 billion in 2026,” IDC said. "Companies that are slow to adopt AI will be left behind -- large and small,” said Mike Glennon, senior market research analyst: “AI is best used in these companies to augment human abilities, automate repetitive tasks, provide personalized recommendations, and make data-driven decisions with speed and accuracy.”