On track to become a $1.3 trillion market by 2032,2 we’re well past the notion
of teams looking at Generative AI as purely hype or a fleeting trend. According
to McKinsey, we’re even past the honeymoon phase of Generative AI.

Now that the tech is a permanent fixture, it’s all eyes on CIOs and IT leaders to
move beyond simply having a stake in the Generative AI spending arms race.

Of the respondents who said that they experience organizational or internal
policy barriers to using LLMs in the way that they would like,4 39% are still
planning to spend over $1 million on Generative AI in the next 12 months,
and 74% are still planning to spend over $500,000.