AI Hype Is Dropping Off a Cliff While Costs Soar, Experts Warn
Joe Wilkins
created: Jan. 23, 2025, 3:34 p.m. | updated: March 19, 2025, 5:36 p.m.
<p>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. 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. 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. Despite […]</p>
5 months, 2 weeks ago: Futurism