In 2024, AI expenses of US companies are experiencing rapid growth, with a six-fold increase. The increase in practical AI implementation is also evident.
December 2, 2024 (excerpt)
In 2024, investment in AI by US companies has experienced rapid growth. According to the latest survey conducted by Menlo Ventures, AI-related expenditures by companies increased from 2.3 billion dollars in 2023 to 13.8 billion dollars in 2024, more than six times in just one year. This dramatic growth indicates that companies are beginning to position AI not as an experimental technology, but at the core of their business strategy.
According to Menlo Ventures' survey, AI investments in companies seem to span a wide range from the technology department to the business department. The IT department holds the largest share of investments, accounting for 22% of the total. This reflects the priority given to the establishment of digital infrastructure and the foundation for AI implementation in companies.
The product development and engineering department, which accounts for 19% of the total, is making the next largest investment. In this department, the focus is mainly on the introduction of code assistance tools, with an emphasis on improving development efficiency. The data science department also holds an 8% investment share, with these three technical departments collectively representing nearly half of the company's AI investments.
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