Where is the Budget for AI Coming From?
A survey of CIOs revealed that 41% plan to fund AI initiatives through net new spending, while 35% will repurpose existing software budgets, and only 6% will use funds from professional services.
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AI for business (enterprise) is going to be very interesting. It is going to be something that we see evolve. Present technology is a bit overhyped in the practical applications so far.
Yea, my employers are investing heavily in setting the foundations for that
Yeah. The overall industry is really seeing some interesting developments. The R&D side is still steady. Applications are still limited and the belief is LLMs will lead to AGI. This isnt the case. That said, they can be very helpful and will likely double human productivity.