AI Will Take Up 10% of Big Tech IT Budgets

AI Will Take Up 10% of Big Tech IT Budgets

Artificial intelligence (AI) projects are set to comprise up to 10% of companies’ IT budgets. That’s according to a report Sunday (May 12) by Seeking Alpha, citing research by Wedbush. As the report notes, it’s a dramatic jump in AI spending, which last year accounted for under 1% of IT spending. “While the first wave of …

Read more

Scott Devitt Picks His 3 Top Internet Stocks for 2024

Scott Devitt Picks His 3 Top Internet Stocks for 2024

The ball hasn’t fallen yet, but we’re already able to discern some outlines of what 2024 will have to offer for investors. An improving economic environment will likely give consumers more confidence, and that will have ripple effects at many levels. One sector certain to reap gains: internet stocks. According to Wedbush, in a recent …

Read more