Delivering return on investment from GenAI [Q&A]
For many people AI has been seen as an answer to all their problems. But a recent Gartner report suggests we could be entering a 'trough of disillusionment' as the biggest challenge when adopting GenAI is estimating and proving the business value.
Getting that value needs creative thinking and integration of GenAI with other technologies that can benefit from its ability to analyze, summarize and create content.
Big spend on enterprise AI doesn't always deliver big returns
New research from Digitate reveals that while 92 percent of European organisations have implemented AI and automation, many lack a strategic approach to maximise the impact.
The study, based on a survey of 900 IT decision-makers in enterprises across Europe, finds that organisations have invested on average, €103.4M ($108M) in AI and automation over the last two years, with over half (59 percent) spending up to €295M ($309M). These investments have yielded significant returns, with 86 percent of organizations reporting a ROI averaging €154.7M ($162.4M).
BlackRock and Microsoft unite to dominate global AI infrastructure -- Should we be worried?
Microsoft and BlackRock's growing partnership on AI infrastructure may raise a few eyebrows, but should it really spark concern? With the recent announcement of the Global AI Infrastructure Investment Partnership (GAIIP), these corporate titans have aligned with Global Infrastructure Partners (GIP) and MGX to dive headfirst into AI development. They plan to pour billions into massive data centers and new energy infrastructure, with the goal of dominating the future of artificial intelligence.
But this alliance could mean more than just advancements in technology. The partnership initially aims to leverage $30 billion in private equity, with an eye toward unlocking a staggering $100 billion in total investment potential. That’s a massive financial influx designed to consolidate power in the hands of a few major players. And who benefits? Microsoft and BlackRock, alongside their global allies, could soon hold an outsized influence on critical AI infrastructure that the world will come to rely on.