Gartner Predicts AI Spending Reaches $2.52 Trillion

Gartner forecasts global AI spending will hit $2.52 trillion this year, a 44% increase from $1.76 trillion last year and up from earlier estimates. The analyst firm says hyperscalers and software vendors will shoulder much of the near-term investment while enterprises increasingly adopt vendor-integrated GenAI agents. Gartner projects spending could approach $4.7 trillion by 2029, signaling major vendor-driven market shifts.