AI Spending in Asia-Pacific Exploding - Fivefold Increase by 2029
Spending on artificial intelligence and generative AI in the Asia-Pacific region is expected to rise from 73 billion dollars in 2024 to 370 billion dollars by 2029, according to forecasts by the International Data Corporation (IDC). This represents a fivefold increase, driven by rapid business adoption and an annual growth rate of several dozen percent.