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Financial Data Shows Business AI Usage is Way Up
The AI Daily Brief (Formerly The AI Breakdown): Artificial Intelligence News and Analysis
Invest in AI: Growth for the Long Haul
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AI adoption is rapidly increasing as companies make larger and more long-term investments in the technology. The data indicates that AI has become the fastest-growing expense for organizations, highlighting a shift towards using AI for efficiency and new product capabilities. This growth in spending is backed by comprehensive data from RAMP, which tracks billions of dollars in transactions and reveals insights into corporate spending trends, including the burgeoning ecosystem of over 1500 AI vendors. As organizations continue to embrace these tools, they are not only exploring but committing significant resources to integrate AI into their operations.
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