AI Spending in US to Rise at 26% CAGR Through 2025: IDC

U.S. spending on AI will double by 2025, topping $120 billion, based on a 26% compound annual growth rate over the next four years, reported IDC Thursday. The U.S. already has more than half of all AI spending worldwide, it said. Retail will remain the largest U.S. industry for AI spending throughout the forecast period, while professional services, media, and securities and investment services will have the fastest growth, each with CAGRs exceeding 30%, it said. "The greatest potential benefit for the use of AI remains its use in developing new business, and building new business models," said IDC analyst Mike Glennon.