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Investment in AI has slowed in 2022 and the first half of 2023, according to Statista and Crunchbase. Despite this, 72% of business leaders want AI adoption to ramp up within their organisations in the next three years. This is driven by networking speed improvements, increased computing power, and the rise of private 5G and Open RAN. AI and cloud computing allow businesses to become more insight-driven and automate essential operations. IoT devices and sensors can further enhance data gathering and create more opportunities to deploy machine learning algorithms.