Spending on artificial intelligence and generative AI in the Asia-Pacific region is projected to more than quadruple from $121.5 billion in 2025 to $555.2 billion by 2030 as companies move deployments beyond pilot projects, according to research firm IDC.
Despite high failure rates in scaling artificial intelligence (AI) initiatives, companies in Asia-Pacific (APAC) continue to ramp up investments, according to a new study by Accenture.
The study found that 2022 shopping budgets are up 8% over 2021 and holiday travel budgets are up by almost half. However, factors including inflation and price increases have made economic concerns top of mind this holiday season.
