<ul><li>Spending on generative AI (GenAI) is expected to reach $644 billion in 2025, a 76.4% increase from 2024.</li><li>Despite expectations declining, foundational model providers continue to invest in enhancing GenAI models' size, performance, and reliability.</li><li>Device-related GenAI spending is projected to almost double, reaching $398.3 billion in 2025 - a 99.5% increase from 2024.</li><li>About 80% of GenAI spending will go towards hardware, as AI capabilities become a standard feature in next-gen devices.</li></ul>

Global GenAI spending to reach $644B in 2025: Gartner

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