In 2023, corporate investment in Generative AI (GenAI) is set to double by 2024, with expectations to surpass $1500 billion by 2027. International Data Corporation (IDC) highlights that this marks a critical development phase in the AI sector, where companies will make significant new investments aimed at reducing time and costs associated with customer and employee productivity use cases. It is anticipated that by 2024, businesses will accelerate their investments, transitioning from cost reduction and productivity enhancement to revenue growth and improved business outcomes. IDC predicts that AI will replace cloud computing as the primary driver of innovation. The focus of investments will be on GenAI infrastructure, but by 2027, spending on GenAI platforms and application software is expected to gradually exceed that on infrastructure.