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Enterprise AI budgets are up 55% over 2020, Appen says

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  2. Enterprise AI budgets are up 55% over 2020, Appen says

Enterprise AI budgets are up 55% over 2020, Appen says

Enterprises are accelerating their AI strategies as a result of the COVID-19 pandemic and ballooning their budgets accordingly. The seventh annual Appen State of AI report, published today, reveals a significant year-over-year increase in AI budgets at companies of all sizes. Overall, survey respondents report budgets ranging from $500,000 to $5 million per year — a 55% increase over 2020.

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