Infosys Research: European Companies to Increase Investment in Generative AI by 115% in 2024, Reaching $2.8 Billion
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According to the latest research from the Infosys Knowledge Institute, European companies plan to increase their investment in generative AI by 115% over the next year, reaching $2.8 billion. France and Germany are leading, with spending expected to double to $730 million and $610 million respectively. European companies are focused on ethical and bias issues, but are more confident in managing and controlling generative AI systems. However, despite extensive experimentation and implementation, only 6% of companies have realized business value through generative AI use cases.
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