‘Despite failures GenAI spend to touch $664 bn this year’

Bengaluru: Worldwide generative artificial intelligence (GenAI) spending is expected to total $644 billion in 2025, a 76.4 per cent jump from 2024, according to a forecast by Gartner Inc out on Tuesday. Though GenAI’s capabilities have been witnessing massive failure in the proof-of-concept (POC) stage, the investment continues to be high, Gartner highlighted.