Gartner warns IT spending growth may not be as strong as expected — and AI is to blame

A person holding out their hand with a digital AI symbol.

IT spending across the world will be slightly lower than expected in 2024 as the cost of investing in generative AI tools begins to hit businesses everywhere, experts have warned.

A report from Gartner has claimed global IT spending will be affected by the widespread desire to jump on the AI bandwagon, but also the lifting of a widespread general malaise around technology.