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Breaking Analysis: How chasing AI Shifts Tech Spending Patterns
April 20, 2024
Taiwan's Semiconductor has increased chip production for NVIDIA. Amazon and Microsoft have received funding for their AI technologies. Mistral and SAS have also secured funding and developed industry models for AI. Since the AI awakening in November 2022, AI spending in the enterprise tech sector has risen significantly. OpenAI, Meta's Llama, and Anthropic are competing against cloud-scale companies, while Google is making progress in AI, closing the gap with AWS. AI spending on containers, RPA, and cloud computing exceeded 40% in 202