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IDC predicts enterprise AI spending will surpass $341B in 2020

IDC predicts enterprise AI spending will surpass $341B in 2020
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Companies worldwide will spend $341.8 billion on artificial intelligence software, hardware and related services in 2021, International Data Corp. projected in a new report published today.
According to the research firm, the forecast indicates that AI spending is on track to increase by 15.2% compared with 2020. Growth is expected to remain robust in the subsequent years. IDC’s analysts see organizations upping their AI budgets by another 18.8% next year and, by 2024, a total of more than $500 billion will be spent annually on machine learning software and related solutions.
That’s good news for Nvidia Corp. and other makers of chips for running AI software. Nvidia, whose graphics processing units are the go-to choice for machine learning projects, has already seen its market capitalization increase more than fourfold since 2019 thanks to enterprises’ growing adopt ....

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Energy Consulting Market is Expected to Grow at a CAGR of 5.94% | Exclusive Pandemic Focused Report by SpendEdge

Energy Consulting Market is Expected to Grow at a CAGR of 5.94% | Exclusive Pandemic Focused Report by SpendEdge
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Post-Merger Integration Consulting Services Prices Will Increase by 3%-5% During 2021-2025 | Discover Market Procurement Insights on SpendEdge

Post-Merger Integration Consulting Services Prices Will Increase by 3%-5% During 2021-2025 | Discover Market Procurement Insights on SpendEdge
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Tax Accounting Services Market to reach USD 5.58 billion by 2025 | SpendEdge

Tax Accounting Services Market to reach USD 5.58 billion by 2025 | SpendEdge
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Binance reports surge in number of African users

Punch Newspapers
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Published 19 May 2021
Binance has reported a surge in the number of African users on its platform. Trading volume of crypto-crypto transactions increased by 28.61 per cent between January and April 2021.
The company recorded a 2228.21 per cent increase in P2P users on its platform, and 386.93 per cent in P2P volumes across Africa. Also, there was a 114.33 per cent increase in users across Africa between January and April 2021.
Although Binance is witnessing a rise on the continent, the same cannot be said about its US operations. The company is under investigation by the US Justice Department and Internal Revenue Service. The federal agencies are investigating whether the platform is been used to fund illicit activities and evade taxes. ....

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