Jeremy B.’s Post

While there’s been fear mongering about an impending AI bubble burst, the ad spend for AI products and services in 2024 would say otherwise. Companies spent over $107M on AI-related ads in H1—19X more than last year and heavyweights like IBM, Microsoft, and GoDaddy led the charge, accounting for nearly half of the total spend. TV and online video dominated, but paid social and digital display ads weren't far behind. The Olympics served as a prime showcase, with Microsoft’s Copilot ad inspiring viewers by integrating AI into the daily lives of athletes. Google and Intel Corporation also made their mark, using AI to enhance both the fan experience and broadcast quality. AI isn’t just a trend; it’s transforming industries and redefining how we connect with technology. Take a look at the fantastic industry overview from Marty Swant of Digiday. #AI #MarTech #DigitalMarketing #AIAdvertising #Innovation #Olympics2024

From the Super Bowl to the Olympics, AI companies are spending more on AI-related advertising

From the Super Bowl to the Olympics, AI companies are spending more on AI-related advertising

digiday.com

Vimal Ramdass

Experienced Business Manager | Ad hoc Legal Researcher | Compassionate Caregiver | AI Enthusiast | Driven by Purpose and Spiritual Growth | Focused on Harnessing AI for Human Welfare

4mo

A compelling industry overview indeed Jeremy B. AI companies are significantly increasing their advertising budgets, with spending on AI-related ads surpassing $107 million in the first half of 2024—a 19-fold increase from 2023. Major players like Microsoft, Google, and IBM dominate this trend, leveraging high-profile events like the Olympics and the Super Bowl to showcase AI products. Despite concerns about an AI downturn, the sector is experiencing a surge in ad investments across TV, online video, and social media, highlighting AI's growing prominence in marketing strategies.

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