AI here, AI there, AI AI everywhere.
Bain’s latest periodic assessment on generative AI readiness finds that a whopping 95% of US companies are using generative AI. And not only that, but production use cases have doubled.
In just over a year, the share of companies naming AI a top priority has jumped from 9% to 15%, with about 50% having clear implementation roadmaps in place.
To support this growing focus on AI, budgets are increasing. Annual budgets for AI today average about twice as much as they were in the first quarter of 2024.
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