Gen AI spending now higher than security investment for many businesses

• AWS study finds 90% of businesses use AI, with spend now surpassing security
• Three in five have already appointed a Chief AI Officer
• Budgets and uncertainty could hinder training efforts

Spending on generative AI has surpassed cybersecurity, with financial services, ICT, manufacturing and retail all looking to adopt the technology, new research has claimed.

As a result, three in five organizations have now appointed a Chief AI Officer (CAIO) or similar to oversee their strategy, the latest Generative AI Adoption Index from cloud computing giant AWS found.

According to the report, almost all (90%) organizations are using GenAI in some capacity, with 44% already having moved from experimentation to full implementation.

GenAI spending has surpassed security spending

AWS's report explores the different ways companies are planning to go about deploying AI, with half as many companies again planning to build their own custom apps using ...