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Gen AI is in the ‘Trough of Disillusionment,’ Yet Spending Expected to Increase Through 2028
Global spending on generative AI will increase in 2025, but there will be fewer “ambitious projects,” according to a recent report from Gartner Distinguished VP Analyst John Lovelock. Generative AI spending will reach $644 billion in 2025. This is a jump of 76.4% from 2024’s numbers. In Gartner’s Hype Cycle, which roughly traces the rise, fall, and normalization of new…
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Generative AI is sliding into the ‘trough of disillusionment’ – Computerworld
Hitting the peak of inflated expectations is prompt engineering, according to Gartner. While most large language models like OpenAI’s GPT-4 are pre-filled with massive amounts of information, “prompt engineering,” a way of training the algorithm, allows genAI to be tailored for specific industry or even organizational use. GenAI interest wanes as ROI becomes the focus Excitement around foundation models, such…
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