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According to research by TechTarget’s Enterprise Strategy Group, Artificial Intelligence (AI) and Machine Learning (ML) are the second most important spending initiative in 2023, with 63% of IT decision makers planning to increase their investments in these technologies. Generative AI is a subfield of AI in which computer algorithms are used to generate outputs that resemble human-created content. New generative AI cloud-served applications such as ChatGPT may prevent enterprises from trusting their data into the cloud. Research by Scalers AI disproves the myth that only specialized AI servers can meet the demands of AI applications.