Artificial Intelligence spending in Asia-Pacific to reach $32 bn in 2025

Countries in the Asia-Pacific region are set to spend $17.6 billion on artificial intelligence (AI) systems in 2022 and this is expected to reach $32 billion in 2025, a new IDC report has shown. Over the next five years, the banking industry will continue to invest the most in AI solutions. State/local government is the second-highest spender on AI solutions, focusing on public safety and emergency response, augmented threat intelligence, and prevention systems. "Many of the changes caused by the pandemic will stay and we expect the adoption momentum of practical AI use cases such as remote or contactless engagement…