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

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

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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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News Sentiment: Neutral

Fact Checked: Legitimate

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Published On: 2024-11-22 @ 21:21:49 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

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News ID: 23779632

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