Artificial Intelligence Has Companies' Interest, But Not Their Cash

Some 70 percent of companies claim they're using a form of artificial intelligence (A.I.), according to a new report by Constellation Research. That includes machine learning, deep learning, natural language processing, and cognitive computing. But while companies are interested in what A.I. can potentially do for them, many aren't willing to invest massive amounts of money in the endeavor. Some 92 percent of respondents reported overall A.I. budgets of less than $5 million, with 52 percent paying less than $1 million. However, most plan to increase their A.I.-related spending over the next year.