QtrendsAsia-Pacific firms chase AI returns amid FOMO
Many Asia-Pacific enterprises are investing heavily in AI despite struggling to demonstrate clear returns on investment. The driving force appears to be fear of missing out, as companies worry their rivals will gain an insurmountable lead. Survey data shows widespread AI spending across the region even as ROI remains elusive. Meanwhile, Google is positioning itself to compete for up to $80 billion in investor money that might otherwise fuel major AI IPOs, signaling an escalating capital battle in the AI sector.
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