AI & RoboticsNews

Gartner forecasts gen AI spending to hit $644B in 2025: What it means for enterprise IT leaders

April 1, 2025
Make no mistake about it, there is a lot of money being spent on generative AI in 2025. Analyst firm Gartner released a new report today forecasting that global gen AI spending will hit $644 billion in 2025. That figure represents a 76.4% year-over-year increase over gen AI spending in 2024. Gartner’s report joins a chorus of other industry analyses in recent months that all point to increasing…
Read more
AI & RoboticsNews

Netflix Games loses its vice-president of generative AI

March 13, 2025
Five months after Netflix Games announced that generative AI in its game development studios would be a major focus for them, driven by the promotion of Mike Verdu to the vice president in charge of that technology, Verdu has apparently left Netflix Games (confirmed to…
AI & RoboticsNews

Hailo takes on Nvidia with energy-efficient gen AI accelerator for edge devices and $120M in funding

April 4, 2024
Even as Nvidia continues to mint money from its massive range of generative AI-focused hardware and software offerings, smaller players competing in the same space are not ready to cave in. Case in point: Hailo, an Israel-based startup that just launched a new energy-efficient gen AI accelerator for edge devices. Officially dubbed Hailo-10, the processor is designed to deploy gen AI applications…
Read more