According to a survey by ABBYY, 63% of IT leaders globally have significantly increased AI investments, averaging over $879,000, due to concerns about losing competitiveness from missing opportunities. Although costs are a major concern, almost all respondents plan to continue increasing AI spending in the coming year. Client pressure and risks from AI-generated misinformation were mentioned, but worries about employee misuse of AI became one of the biggest concerns. Small language models (SLMs) are favored by 93% of decision-makers due to their high accuracy. Despite most companies (91%) expressing...
