Many technology vendors will invest in AI in the next couple of years

Among technology firms that have plans to invest in artificial intelligence (AI), a third expect to invest at least a million dollars over the next two years. And among these companies, almost all (87 percent) expect industry-wide funding for AI to increase at least moderately, if not significantly, throughout 2022. These are the findings of a new report published by analyst firm Gartner, based on a poll of 268 respondents from across the globe, which asserts that AI has the second-highest mean funding allocation compared with other emerging technologies. Among those investing in AI, computer vision is the most popular technology (an average of $679,000 over two years), Gartner further said. And very few organizations reported investing less than $250,000 in AI.