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Cost of GenAI is a negative for software companies, Gartner
In its latest Q2 quarterly spending forecast published on Tuesday, analyst Gartner says that GenAI is like a "tax" on software companies. They have to spend on AI to keep up with expectations, but returns so far are flowing elsewhere.
"Generative AI is being felt across all technology segments and subsegments, but not to everyone's benefit," said John-David Lovelock, distinguished VP analyst at Gartner. "Some software spendi...
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