Remove 2021 Remove Artificial Intelligence Remove Generative AI
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Gartner projects major IT spending increases for 2025

CIO

growth this year, with data center spending increasing by nearly 35% in 2024 in anticipation of generative AI infrastructure needs. This spending on AI infrastructure may be confusing to investors, who won’t see a direct line to increased sales because much of the hyperscaler AI investment will focus on internal uses, he says.

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Whoops! Is generative AI already becoming a bubble?

TechCrunch

While everyone piled onto crypto in 2021 — and many remain bullish about its future despite multiple failures this year — 2022 saw the rise of generative AI. One of our questions sought their prediction of where the next bubble would be, and almost half of those surveyed mentioned generative AI.

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Layoffs, AI demand create mismatched talent market for IT skills

CIO

Since 2022, the tech industry has experienced massive layoffs, as large tech companies have reduced their workforce numbers in response to rising interest rates and emerging generative AI technology. Then in August, Intel announced a 15% reduction of its global workforce, amounting to approximately 15,000 jobs.

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Using Generative AI to Build Generative AI

O'Reilly Media - Ideas

Hi, I am a professor of cognitive science and design at UC San Diego, and I recently wrote posts on Radar about my experiences coding with and speaking to generative AI tools like ChatGPT. back in 2021, and it was TERRIBLEa pain to set up by installing a bunch of Python dependencies, superslow to run, and producing nonsensical results.

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The Largest AI Startup Funding Deals Of 2024

Crunchbase News

You can also check out the top AI rounds of 2023 here. Artificial intelligence dominated the venture landscape last year. This deal also isnt the only time well see Elon Musk s generative AI startup on this list. billion round in 2021. based companies? Check out The Crunchbase Megadeals Board. among others.

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The 10 Biggest Rounds Of November: xAI And Anthropic Raise Billions Again

Crunchbase News

While some things tend to slow as the year winds down, artificial intelligence fundraising apparently isn’t one of them. Last month, xAI and Anthropic raised a combined $9 billion as AI funding remained red-hot. Of course, the reliance on data has only become stronger as companies drive AI initiatives. billion in 2021.

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ServiceNow to acquire Logik.ai to boost CRM portfolio

CIO

Logik.ai, founded in 2021, provides a product that integrates artificial intelligence and an advanced rules engine to streamline the transaction management cycle. is leading way to simpler, AI-powered selling experience across channels. ServiceNow is acquiring Logik.ai According to ServiceNow , the acquisition of Logik.ai