Firms increasing their tech spending, especially on AI

Firms increasing their tech spending, especially on AI
financial-planning.com

by Rob Burgess • 30 days ago

Firms are significantly increasing their technology budgets, particularly for AI, to enhance efficiency and meet client demands. Notable investments include LPL Financial's $500 million in tech upgrades and the launch of AI Advisor Solutions. A survey showed over half of business owners plan to invest more in AI in 2025. Experts emphasize the need for careful spending and technology governance to avoid inefficiencies and ensure that investments align with business objectives.

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