ChatGPT drives up investment in AI technology

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According to a recent Gartner poll of more than 2,500 executive leaders, 45% of senior corporate executives have increased their Artificial Intelligence (AI) investments following the publicity surrounding ChatGPT. The poll also found that 70% of organisations are exploring use cases for generative AI, with 19% in the pilot or production stage. The generative AI frenzy shows no signs of abating, said Frances Karamouzis, distinguished VP analyst at Gartner, adding that organisations are scrambling to determine how much cash to pour into generative AI solutions, which products are worth the investment, when to get started and how to mitigate the risks that come with this emerging technology. Although 68% of executives surveyed believe the benefits of generative AI outweigh the risks, only 5% feel the risks outweigh the benefits. Meanwhile, 38% of respondents cited customer experience as the primary focus of their investments, compared to 17% who indicated a desire to optimise costs.

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Frequently Asked Questions (FAQs) Related to the Above News

What is the recent news about AI investments?

According to a recent Gartner poll of more than 2,500 executive leaders, 45% of senior corporate executives have increased their Artificial Intelligence (AI) investments following the publicity surrounding ChatGPT.

How many organizations are exploring the use cases for generative AI?

The poll found that 70% of organisations are exploring use cases for generative AI.

What is the stance of executives on the risks and rewards of generative AI?

Although 68% of executives surveyed believe the benefits of generative AI outweigh the risks, only 5% feel the risks outweigh the benefits.

What is the primary focus of AI investments for most organizations?

The majority of respondents, 38%, cited customer experience as the primary focus of their investments, compared to 17% who indicated a desire to optimize costs.

Who provided insights on the investment frenzy on generative AI solutions?

Frances Karamouzis, distinguished VP analyst at Gartner, provided insights on the generative AI frenzy.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Aniket Patel
Aniket Patel
Aniket is a skilled writer at ChatGPT Global News, contributing to the ChatGPT News category. With a passion for exploring the diverse applications of ChatGPT, Aniket brings informative and engaging content to our readers. His articles cover a wide range of topics, showcasing the versatility and impact of ChatGPT in various domains.

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