How would you describe the current landscape of AI investment ?
Manu Gopinath , Chief Operating Officer at UST : While there has been a backlash against the hype surrounding AI , companies will continue to invest , moving beyond pilot projects to drive efficiency , innovation , and competitive advantage , leveraging AI for real-time decision-making , personalised customer experiences , and predictive analytics .
Brian Diffin , EVP , CTO at Wolters Kluwer Tax & Accounting : AI investments throughout the world have been steadily increasing for many years and those investments have been primarily focused around various machine learning models and approaches . However when ChatGPT was announced at the end of 2022 , it created a firestorm of interest and investment in Gen AI . All the hyperscalers and several start ups quickly spun up like-kind LLM projects and AI Assistants with conversational interfaces .
AI INVESTMENT BY THE NUMBERS
# 1 : World ’ s Most Valuable
Nvidia has surged to become the world ’ s # 1 most valuable company due to its dominance in AI chips
Late 2022 Turning Point
ChatGPT ’ s launch in late 2022 triggered a “ firestorm of interest ” in Gen AI investment
Multiple Risk Factors
Organizations must balance against 6 key risks : bias , inaccuracy , hallucinations , security , IP theft , and compliance
182 January 2025