Essential AI News from 6/24-6/28

Only one essential news article this week. Bain released a new survey which, shows the evolution in enterprise use of Gen AI and insight into new topics such as build vs. buy decisions by use case.

AI Survey: Four Themes Emerging While we expected another high-level survey when we saw this research from Bain, we were pleasantly surprised that the nature of the questions they asked provide helpful benchmarks for the AI leader. A few examples: Average spend on GenAI is $5M annually, $50M among the largest companies; concerns are shifting from data and IP to organizational readiness; and GenAI use in sales is growing. Of note to AI vendors: low vendor/tool quality and capabilities is increasing as a reason for GenAI implementations not meeting expectations.