Companies look to sell off assets to pay for AI investments [Video]
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Companies look to sell off assets to pay for AI investments [Video]

While many CIOs worry about funding for AI projects, some companies are considering selling off non-core assets to keep investing.

Credit: Gorgev / Shutterstock

CIOs worried about where the money for new AI initiatives will come from may have some help on the way, with some companies apparently selling off non-core assets to pay for new AI projects.

Nine of 10 CIOs surveyed by Gartner late last year expressed concerns that managing AI costs was limiting their ability to get value from AI. But some companies, particularly in the IT sector, now appear to be reevaluating their business models and will consider selling non-core lines of business and products to fund AI projects, says James Brundage, global and Americas technology sector leader at EY, an IT and tax advisory firm.

AI is both a huge potential gamechanger for many companies and a huge expense to get right, he says. Until now, many companies have cut costs …

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