AI Was Supposed to Save Companies Money. Instead, It’s Blowing Up Budgets in a Big Way

Businesses hoping AI would slash costs are instead grappling with skyrocketing expenses, according to a KPMG report. Companies are seeing unexpected costs balloon as they invest in advanced AI systems and infrastructure. This raises concerns for businesses planning to ramp up AI usage, highlighting the need for careful budgeting and strategic planning to avoid financial surprises. The findings underscore the importance of realistic expectations and thorough cost assessments when integrating new technologies.