AI Spend

A bipartisan group of U.S. lawmakers has called for the government to invest “at least” $32 billion annually to support non-defense artificial intelligence (AI) innovations. This recommendation came from the Senate AI Working Group, which recently published a policy road map to guide the country’s AI efforts. Senate AI Working Group’s Road Map The Senate A...

In the rush to embrace artificial intelligence (AI), businesses are faced with the challenge of effectively prioritizing investments. While the competition heats up, enterprises are recognizing the importance of focusing on AI initiatives with significant long-term benefits. Databricks' Insights on Strategic AI Investments We spoke with Dael Williamson, Ch...

Investors showed impatience towards Big Tech's significant AI investments after Meta Platforms revealed deeper spending and a prolonged path to profitability in its quarterly report. Meta's stock dropped 15% in extended trading due to its forecast of increased AI spending for next year. Impact on Other Tech Giants Following Meta’s announcement, Micr...

Stanford University 's 2024 AI Index report revealed a dramatic increase in funding for generative AI companies in 2023, reaching $25.2 billion. This represents an almost eightfold rise compared to previous years. Generative AI's Share in AI Investments Generative AI accounted for over a quarter of all private AI investments in 2023, demonstrating its grow...

The surge in investor interest surrounding artificial intelligence (AI) has prompted many companies to highlight their AI product roadmaps. However, discerning legitimate AI stocks generating revenue from generative AI, such as Microsoft (MSFT) and Nvidia (NVDA), proves challenging for investors. The landscape, marked by a 43% surge in the Nasdaq composite i...