US biz to blow $120bn on AI by 2025, says IDC

Corporate funding splurged on AI technology is expected to grow to $120bn by 2025 in the US, a yearly increase of 26 percent over the next four financial years, according to IDC. The two largest industries ramping up investments in machine learning are retail and banking, according to the market research firm. Together they …

[Anonymous Coward]

“You're really not going to like it..."

How long until "neuralware" becomes the new "vaporware"?

[Neil Barnes]

"expert shopping advisors and product recommendations"

Ah, that would be, um, advertising, right?

[Pascal Monett]

Hang on a minute

"Online services like fraud analysis or threat intelligence are some of the areas that are expected to become increasingly powered by AI, and these capabilities were already previously handled by software"

And they will continue to be. Just slapping AI on the process doesn't make it AI. Fraud analysis is not entirely easy, but if you think that a statistical analysis machine is going to erase fraud I have a bridge to sell you.

I have had a training course in detecting fraudulent activity, mandated by one of the clients I work for. It is . . . complicated. I'm not convinced that an "AI" is going to do any better than what is in place at the moment.

But hey, banks have money. If they want to waste it on this, good for anyone who gets the deal.

[Big_Boomer]

Ohhh goody!

More software making THE WRONG decisions for me. They already have advertising "AI" that seems to want to sell me stuff for which I have no need or want, and that I will never ever need or want no matter how many times they push the ad at me. In fact, their "algorithms" and "AI" seem to have a lower hit rate with me than purely random adverts as they always seem to want to sell me something that I just bought. I find advertising in general seems to be 99.99% miss meaning that there is a vast amount of data whizzing around out there for the occasional hit. Wait, that reminds me of something,... could it be,... scam emails? <LOL>

So far I am utterly unimpressed with the marketing scam that is so called "AI". I see lots of machine learning going on but zero evidence of any real intelligence behind them. However, the same could be said of most of Homo Sapiens <sigh>.