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flag AI spending forecast to hit $1.3 trillion by 2029 as technology transforms jobs and budgets.

flag In the September 8, 2025, episode of AI Today in 5, key AI topics include AI-generated fake receipt detection, the limitations of firewalls, tax automation, rental car drivers' assistance, and Anthropic's collaboration with Chinese companies. flag Additionally, AI spending is forecast to reach $1.3 trillion by 2029, with AI transforming business models and reshaping IT budgets. flag Gartner predicts a significant increase in Australian IT spending, driven by AI, cybersecurity, and cloud technologies. flag The article also highlights the impact of AI on job roles and the necessity for higher education institutions to prepare students for AI-driven workplaces.

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