New Delhi, June 18 -- Enterprise technology spending growth is showing signs of moderation as companies become more cautious about large IT investments while assessing the impact of artificial intelligence (AI) on future budgets, according to a Goldman Sachs CIO survey.

The survey showed Goldman Sachs' Overall IT Spending Index fell to 65 from 68, while its IT Capital Spending Index declined to 59 from 65.5.

"Our overall IT Spending Index decreased to 65.0 from 68.0, and our IT Capital Spending Index decreased to 59.0 from 65.5," the report said, adding that both indicators remain above the expansion threshold of 50 despite falling below their 10-year averages.

According to Goldman Sachs, the moderation in spending is partly linked to ...