Verta Insights Study Reveals Companies Continue to Push Investments in AI Technology and Talent Despite Economic Headwinds

WIRE)--Verta, the Operational AI company, today released findings from the 2023 AI/ML Investment Priorities study, which surveyed more than 460 AI and machine learning (ML) practitioners to benchmark AI/ML spending plans across industry sectors in light of evolving technology trends, industry developments, and macroeconomic conditions. The study was conducted by Verta Insights, the research practice of Verta Inc., and found that nearly two-thirds of organizations are planning to either increase or maintain their spending on AI/ML technology and infrastructure despite economic headwinds in the broader market. "We currently are experiencing an inflection point for the AI/ML industry, with technologies like ChatGPT and Stable Diffusion driving heightened interest in how companies can leverage machine learning models to significantly automate human-based activities with very innovative and game-changing capabilities. Findings from our research study confirm that organizations are continuing to make significant investments in AI/ML technology and talent, despite turbulence in the market, as they orient their business strategies around creating intelligent experiences for their customers," said Conrado Silva Miranda, Chief Technology Officer of Verta. In the research study, 31% of respondents said that their organizations would increase AI/ML spending in 2023 due to the current economic conditions, while 32% said that they would maintain 2022 spending levels for AI/ML technology and infrastructure.