New Delhi, Feb. 2 -- First, the good news. Spending on generative artificial intelligence (GenAI) software, hardware, and related services amounted to $19 billion in 2023, and is expected to double in 2024, reaching $151 billion in 2027, according to research firm International Data Corporation (IDC). Further, GenAI spending will account for 29% of overall AI spending by 2027--up from 11% in 2023. The generative AI industry is forecast to touch $100 billion by 2026, corroborates data by AltIndex.com. Between 2020 and 2023, the market size of generative AI rose a whopping 690%, jumping from $5.7 billion to $44.9 billion....