Global end-user spending on GenAI models to reach $14.2 billion in 2025

July 10, 2025 5:31 PM

Global end-user spending on GenAI models to reach $14.2 billion in 2025

A Gartner report said on Thursday that worldwide end-user spending on generative AI (GenAI) models is projected to reach $14.2 billion in 2025. End-user spending on specialised GenAI models, which include domain-specific language models (DSLMs), is estimated to total $1.1 billion this year. Specialised GenAI models are trained or fine-tuned on industry or business process-specific data. Gartner predicts that by 2027, more than half of the GenAI models used by enterprises will be domain-specif...

Generative AI could boost bank revenues by 6 percent in next three years: Accenture

May 1, 2024 1:32 PM

Generative AI could boost bank revenues by 6 percent in next three years: Accenture

Banks across the globe could witness a substantial increase in revenues over the next three years by incorporating generative AI, as suggested by a recent report from Accenture. The report highlights that banks embracing this technology could experience a revenue surge of up to 600 basis points (bps) within this timeframe. Accenture's analysis, which involved studying more than 150 large banks worldwide, including public and private sector banks in India, revealed that adopting generative AI c...