Appen+Limited (ASX:APX, Financial), the leading provider of high-quality training data for organizations that build effective AI systems at scale, today released its seventh annual State+of+AI+report. This year’s report reveals a significant year-over-year increase in AI budgets, ranging from $500,000 to $5 million per year, up 55% on last year. In 2021, AI decision makers are moving away from the AI “silver bullet” and towards the use of artificial intelligence to support internal processes, as they focus on better understanding their data, as well as efficiency gains.
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