The International Data Corporation (IDC) has projected that global investment in artificial intelligence (AI) will soar to $1.2619 trillion by 2029. According to IDC's "Worldwide Artificial Intelligence and Generative AI Spending Guide," AI investment is expected to reach $315.9 billion in 2024, with a compound annual growth rate (CAGR) of 31.9% over the next five years. The report highlights the rapid growth of the generative AI sector, which is anticipated to achieve a CAGR of 56.3%, reaching $607.1 billion by 2029. This would account for 48.1% of the total AI market investment, underscoring the increasing focus on generative AI technologies.