Business spending on AI surged 500% this year to $13.8 billion,...

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2024-11-23 01:00:23 -

WWW.CNBC.COM

Business spending on AI surged 500% this year to $13.8 billion, says Menlo Ventures

Enterprise spending on generative AI surged 500% this year, hitting $13.8 billion up from just $2.3 billion in 2023, according to a new Menlo Ventures report.

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