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AI stagnation: The hole between AI funding and AI adoption



latest survey performed by Censuswide on behalf of Purple Hat polled 609 IT managers throughout the UK and different main markets. Greater than 80% of IT managers reported an pressing AI expertise scarcity, primarily in areas comparable to generative AI, giant language fashions (LLMs), and information science. That is up from 72% final yr.

The necessity to promote AI, the necessity to eat AI, and the shortcoming to take action result in what I’m calling “AI stagnation,” a posh challenge that’s confounding many within the AI area, together with yours really.

AI at a close to standstill

Know-how suppliers proceed to pour assets into AI growth, creating superior instruments, platforms, and infrastructure. Tech giants’ and startups’ investments in AI are reaching unprecedented heights, with trade watchers predicting greater than $120 billion in funding for AI startups in 2024 alone. The contributions of main gamers, comparable to Nvidia, OpenAI, and Anthropic, to a thriving AI market are harking back to the dot-com period. This sort of capital inflow is usually a constructive indicator, signaling strong curiosity and religion within the potential for future returns.

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