New Delhi, January 15 (IANS). Worldwide spending on Artificial Intelligence (AI) could reach about $2.52 trillion in 2026, which will be about 44 percent more than last year. This has come to light in a new report by Gartner released on Thursday.
John-David Lovelock, Gartner’s distinguished vice president analyst, said that money is not the only biggest factor in adopting AI, it is also important that organizations have trained people and the right work system.
He said that now companies are giving more importance to already proven results, rather than relying only on future possibilities. The report says that due to the creation of AI infrastructure, there will be a 49 percent increase in expenditure on dedicated servers for AI. This will account for about 17 percent of total AI spending.
Apart from this, there will be an additional expenditure of about $ 401 billion in creating technical facilities related to AI. This expenditure will be spent by technology companies to strengthen AI.
Lovelock further said that by the year 2026, AI will be in an era where people’s expectations may be reduced to some extent. Therefore, most companies will adopt AI not as a new scheme, but through their old software providing companies.
He also said that until the benefits of AI are accurately estimated, companies will not be able to implement it on a large scale.
Another recent report states that by the year 2030, to meet the needs of AI in the world, an income of about $ 2 trillion will be required every year, so that the cost of computing power can be afforded.
However, despite the savings from AI, the world may still face a deficit of about $800 billion.
According to the report, by 2030 the demand for electricity required for AI could reach 200 gigawatts, half of which will be needed in the US.
The report also says that as the demand for computers is increasing, big companies have now started using AI not just as an experiment but to earn profits.
The report states that in the last two years, many companies have increased profits by 10 to 25 percent by adopting AI in their core operations.
–IANS
DBP/ABM
