AI spending

Google AI Head: Reports of DeepSeek’s Low Costs Are ‘Misleading’
Google AI Head: Reports of DeepSeek’s Low Costs Are ‘Misleading’
February 10, 2025  |  artificial intelligence

Did DeepSeek’s AI model really cost just under $6 million to develop? Demis Hassabis, Google’s artificial intelligence (AI) chief, says he isn’t so sure, Bloomberg News reported Monday...

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Tech Giants Plan Massive $320 Billion AI Spend for 2025
Tech Giants Plan Massive $320 Billion AI Spend for 2025
February 09, 2025  |  artificial intelligence

America’s tech giants could reportedly spend more than $320 billion on artificial intelligence (AI) this year. AI investments by the four biggest tech firms —...

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DeepSeek Day Two: Focus Turns to Enterprise AI Adoption
DeepSeek Day Two: Focus Turns to Enterprise AI Adoption
January 28, 2025  |  artificial intelligence

Chinese AI startup DeepSeek’s deeply discounted foundation models could herald lower prices for businesses seeking to adopt AI — by removing one of the biggest...

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DeepSeek Open-Source Model Could Shake Up Enterprise AI
DeepSeek Open-Source Model Could Shake Up Enterprise AI
January 27, 2025  |  artificial intelligence

Shares of Nvidia, the darling stock of the generative AI boom, are down 15.3% in midday trading on Monday (Jan. 27) as Wall Street grapples...

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AWS CEO: Companies Zero In on Most Valuable AI Applications
AWS CEO: Companies Zero In on Most Valuable AI Applications
December 02, 2024  |  artificial intelligence

Two years into the generative artificial intelligence (AI) boom, CEOs and chief information officers are looking to focus on the use cases that deliver the...

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Enterprise Spending on Generative AI Leaps as Tech Becomes ‘Mission Critical’
Enterprise Spending on Generative AI Leaps as Tech Becomes ‘Mission Critical’
November 20, 2024  |  artificial intelligence

Enterprise spending on generative artificial intelligence (AI) increased sixfold in 2024 as businesses began implementing the technology after first experimenting with it. This spending reached...

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KPMG Launches $100 Million AI Partnership With Google Cloud
KPMG Launches $100 Million AI Partnership With Google Cloud
November 20, 2024  |  artificial intelligence

KPMG will spend $100 million over the next four years on its enterprise AI services. It’s part of an artificial intelligence (AI) partnership between the professional...

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Report: AI Will Take Up 10% of Big Tech IT Budgets
Report: AI Will Take Up 10% of Big Tech IT Budgets
May 12, 2024  |  artificial intelligence

Artificial intelligence (AI) projects are set to comprise up to 10% of companies’ IT budgets. That’s according to a report Sunday (May 12) by Seeking...

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DeepMind Head: Google AI Spending Could Exceed $100 Billion
DeepMind Head: Google AI Spending Could Exceed $100 Billion
April 16, 2024  |  artificial intelligence

Google’s top AI executive says the company’s spending on the technology will surpass $100 billion. While speaking Monday (April 15) at a TED Conference in...

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