PANews reported on September 25th that the International Data Corporation (IDC) recently released the "Worldwide Artificial Intelligence and Generative AI Spending Guide." The data shows that global IT investment in artificial intelligence (AI) will reach $315.9 billion in 2024 and is expected to increase to $1.2619 trillion in 2029, with a five-year compound annual growth rate of 31.9%. Focusing on generative AI, IDC predicts that the global generative AI market will achieve a five-year compound annual growth rate of 56.3%, reaching $607.1 billion by 2029, representing 48.1% of total AI market investment.