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Generative AI gold rush drives IT spending — with payoff in question

CIO

Interest in AI, building since last year, will push a 10% increase in data center system spending this year, driving worldwide IT spending to $5.06 There were very robust stories about how great generative AI was going to be.” What does AI give me? There’s no way most companies are going to get anywhere near this.

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CIOs not entirely sold on generative AI copilots

CIO

A new breed of AI assistant has set its sights on the enterprise user in recent months, with Microsoft and other vendors promising huge productivity gains that offset the cost. Its Copilot for Microsoft 365, a high-profile offering among the growing list of AI agents, costs $30 per seat per month, with a 300-seat minimum.

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How Much Does AI Cost?

Dataiku

Staring down the barrel at times of economic uncertainty, keeping financial strategies clean and cutting away unnecessary costs is a must-do for organizations. However, the headache starts as organizations’ leaders attempt to determine where exactly these cost reductions are feasible.

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Three predictions for AI and automation business adoption

CIO

But even though IT decision-makers will be scrutinizing AI and automation investments, you can rest assured they will invest. In 2023, enterprises worldwide spent $166 billion on AI solutions (AI software, hardware, and services), but that spending is expected to grow 27% per year to $423 billion by 2027, according to IDC’s report.

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What LinkedIn learned leveraging LLMs for its billion users

CIO

Few companies operate at the scale that LinkedIn does or have access to similar troves of data. So the social media giant launched a generative AI journey and is now reporting the results of its experience leveraging Microsoft’s Azure OpenAI Service. Those first waves of hype around generative AI didn’t help.

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How AIOps can help reduce costs and drive economic efficiencies

CIO

The history of IT operations (ITOps) can pretty much be summed up in one phrase: Do more with less. In fact, in some cases, the business primarily views IT as a cost center, meaning the IT team may see its numbers reduced over time. Thankfully, artificial intelligence (AI) for IT operations (AIOps) offers these efficiencies.

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Gen AI without the risks

CIO

ChatGPT, Stable Diffusion, and DreamStudio–Generative AI are grabbing all the headlines, and rightly so. Intelligent assistants are already changing how we search, analyze information, and do everything from creating code to securing networks and writing articles. The results are impressive and improving at a geometric rate.