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CIOs to spend ambitiously on AI in 2025 — and beyond

CIO

Research firm IDC projects worldwide spending on technology to support AI strategies will reach $337 billion in 2025 — and more than double to $749 billion by 2028. Those bullish numbers don’t surprise many CIOs, as IT leaders from nearly every vertical are rolling out generative AI proofs of concept, with some already in production.

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Marsh McLennan IT reorg lays foundation for gen AI

CIO

Setting the standard for analytics and AI As the core development platform was refined, Marsh McLennan continued moving workloads to AWS and Azure, as well as Oracle Cloud Infrastructure and Google Cloud Platform. With Databricks, the firm has also begun its journey into generative AI.

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Marsh McLellan IT reorg lays foundation for gen AI

CIO

Setting the standard for analytics and AI As the core development platform was refined, Marsh McLellan continued moving workloads to AWS and Azure, as well as Oracle Cloud Infrastructure and Google Cloud Platform. With Databricks, the firm has also begun its journey into generative AI.

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AWS revenue growth stabilizes with a boost from generative AI-led services

CIO

AWS posted a stable 12% revenue growth in the third quarter of 2023 buoyed by demand for generative AI-led services, despite customers trying to optimize their cloud spending. The new workloads, according to Jassy, are mostly related to AI and generative AI. Amazon Web Services, Generative AI

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Together raises $20M to build open source generative AI models

TechCrunch

Generative AIAI that can write essays, create artwork and music, and more — continues to attract outsize investor attention. According to one source, generative AI startups raised $1.7 Google Cloud, AWS, Azure). Google Cloud, AWS, Azure).

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What is Oracle’s generative AI strategy?

CIO

While Microsoft, AWS, Google Cloud, and IBM have already released their generative AI offerings, rival Oracle has so far been largely quiet about its own strategy. Trailing other generative AI service offerings?

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Oracle expects data-hungry generative AI to drive revenue growth

CIO

Oracle is betting on high demand for data, driven by generative AI -related workloads, to boost revenue in upcoming quarters as enterprises look to adopt generative AI for productivity and efficiency. Generative AI is changing everything. Generative AI, Oracle