AI Spending Ramped Up by Corporate Giants
Significantly, executive respondents surveyed expect the rate of AI investments to more than double in the next two years, as businesses look to scale up with the technology. 61% confirmed that they are actively adopting AI agents in their business today and are preparing to implement them at scale.
The reason for this, despite the earlier findings on lack of return on investment, seems to come down to 64% of CEOs acknowledging that the risk of falling behind has impacted investment in some technology, causing them to invest even before they are aware of how it will impact their business.
Wherever you look, it is easy to find a business who is ramping up their AI spending. Most recently, Meta announced plans to increase its 2025 capital expenditure outlook to between $64 and $72 billion to support its AI buildout and the costs of infrastructure hardware.
This kind of big spending could signal to businesses not involved with AI, that they should be.
