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Fortune

Sheryl Estrada

Corporate giants ramp up AI spending amid persistent 'FOMO'

Benedict Evans Fortune Meta

Benedict Evans (Credit: FORTUNE)

Good morning. Over the past few years, AI has become a major focus for companies across industries.

“There’s been a huge amount of activity since [OpenAI’s] ChatGPT launched about two and a half years ago,” Benedict Evans, an independent analyst, told the audience at Fortune Brainstorm AI in London on Tuesday. Evans has spent 20 years analyzing media and technology, having worked in equity research, corporate strategy, and venture capital.

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