AI Hype Is Dropping Off a Cliff While Costs Soar, Experts Warn

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AI Hype Is Dropping Off a Cliff While Costs Soar, Experts Warn - Futurism

Quick Summary:

That's according to a recent analysis by Gartner — the Connecticut-based research firm famous for the Gartner hype cycle — which posits that worldwide IT spending is expected to total over $5.5 trillion in 2025, an increase of 9.8% from 2024.

Blowing Bubbles As Large Language Models race to the moon and artificially-generated slop art populates government websites, AI spending is ballooning to epic proportions — and the bubble may be close to bursting.

IT sectors such as data centers, devices, and software "will see double-digit growth in 2025, largely due to generative AI hardware upgrades," the report reads.