AI Spend Forecast

IDC is forecasting that global AI spending will reach $154B this year, a 27% increase over 2022. The number includes spending on software, hardware, and services for AI-centric systems.

Similarly, we're seeing greater investment from leading tech companies like Microsoft (who is showcasing their 'Future of Work' event March 16th) and Salesforce who just announced Einstein GPT (first AI for CRM -- in layman's: generative AI baked into Salesforce for auto-created emails and other content).

Salesforce's venture arm also announced a new $250M fund focused on AI with initial investments in 4 companies -- Anthropic.com, Cohere.ai, Hearth.ai, and You.com.