[IDC: Global Artificial Intelligence Total Investment Expected to Grow to $1.2619 Trillion by 2029] International Data Corporation (IDC) recently released the *Worldwide Artificial Intelligence and Generative AI Spending Guide*. According to the data, the total global investment in artificial intelligence (AI) IT is projected to reach $315.9 billion in 2024 and is expected to grow to $1.2619 trillion by 2029, with a five-year compound annual growth rate (CAGR) of 31.9%. Focusing on generative AI, IDC predicts that the global generative AI market will achieve a five-year CAGR of 56.3%, with the market size reaching $607.1 billion by 2029, accounting for 48.1% of the total AI market investment.