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Firms invest $19.4bn on ChatGPT, others – IDC

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Enterprises invested more than $19.4bn worldwide on GenAI solutions in 2023, an updated forecast from International Data Corporation has shown. According to the firm, this spending was on GenAI software as well as related infrastructure hardware and IT/business services. It is expected to more than double in 2024 and reach $151.1bn in 2027. The Group

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