Majority of Automakers to Pull Back From AI Investments by 2029: Gartner

The automobile industry is investing heavily in AI initiatives, yet many companies are struggling to meet their goals.
Majority of Automakers to Pull Back From AI Investments by 2029: Gartner
A visitor watches an AI sign on an animated screen at the Mobile World Congress in Barcelona, Spain. Josep Lago/AFP via Getty Images
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Automakers, by and large, have signaled a major pullback in artificial intelligence (AI) investment in the next few years, moving away from the current surge in spending as they struggle to meet their goals, according to a new report from research and advisory firm Gartner.

In its Predicts 2026: Automotive report, released on Dec. 8, Gartner said that by 2029, only 5 percent of automakers will maintain strong AI-investment growth, far lower than the more than 95 percent currently engaged. The expected pullback stems from high costs, integration challenges, and internal resistance among more traditional automakers.
Rob Sabo
Rob Sabo
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Rob Sabo has worked as a business journalist for nearly two decades and covers a broad range of business topics for The Epoch Times.