Worldwide AI spending could hit $1.5 trillion by the end of 2025

According to a report by Gartner, global spending on artificial intelligence (AI) is expected to surpass $1.5 trillion by the end of 2025. The research firm forecasts that AI spending will more than double from 2024 to 2026, reaching over $2 trillion. The report highlights the growing adoption of AI across various industries, including healthcare, retail, and finance, as businesses seek to leverage the technology for improved decision-making, automation, and customer engagement. Gartner predicts that the surge in AI spending will be driven by the increasing maturity of the technology, as well as the need for organizations to stay competitive in an increasingly digital landscape. While the report does not provide a detailed breakdown of the spending, it suggests that the growth in AI investment will be a global phenomenon, with both developed and emerging markets contributing to the overall market expansion.