Munster Says AI Budgets Have Room to Grow as Noble Questions Returns
Photo: TokenPost
Gene Munster argued that corporate AI budgets have substantial room to grow, while investor George Noble warned that the spending may not produce returns needed to support AI valuations. Their disagreement puts the potential for larger budgets alongside questions about the cost and payoff of the buildout. Munster, co-founder and managing partner of Deepwater Asset Management, put average AI spending at $25 per employee per month, compared with $700 for software. He said the gap leaves companies room to increase AI budgets, especially in businesses reliant on knowledge work.
Source: TokenPost
