European AI Spending Will Reach $12B in 2021 

LONDON, March 24, 2021 — The International Data Corporation (IDC) Worldwide Artificial Intelligence Spending Guide estimates that spending on artificial intelligence (AI) will reach $12 billion in 2021 in Europe and will continue to experience solid double-digit growth through 2024. Automation needs, digital transformation, and customer experience continue to support spending on AI, even in times when COVID-19 has impacted negatively on revenues for many companies.

Source: European AI Spending Will Reach $12B in 2021 as the Technology Remains Resilient Throughout the Pandemic, says IDC