# Generative AI gold rush drives IT spending — with payoff in question

**URL:** <https://www.artofsm.art/t/generative-ai-gold-rush-drives-it-spending-with-payoff-in-question/232>\
**Category:** Content Creators\
**Created:** [23 April 2024 08:46 UTC](https://www.artofsm.art/t/generative-ai-gold-rush-drives-it-spending-with-payoff-in-question/232 "2024-04-23T08:46:39Z")\
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**Author:** ![merefield](https://www.artofsm.art/user_avatar/www.artofsm.art/merefield/32/74_2.png) [@merefield](https://www.artofsm.art/u/merefield)\
**Post date:** [23 April 2024 08:46 UTC](https://www.artofsm.art/t/generative-ai-gold-rush-drives-it-spending-with-payoff-in-question/232/1 "2024-04-23T08:46:39Z")

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> **[Generative AI gold rush drives IT spending — with payoff in question](https://www.cio.com/article/2093481/generative-ai-gold-rush-drives-it-spending-with-payoff-in-question.html)**
>
> Worldwide IT spending should grow by 8% this year, with AI hype and COVID-era device replacements helping to push the spending numbers up, Gartner predicts.