$2 trillion in new revenue needed to meet AI demand globally by 2030: Report

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At least $2 trillion in annual revenue is needed to fund computing power needed to meet the anticipated AI demand globally by 2030, a new report showed on Tuesday.

However, even with AI-related savings, the world is still $800 billion short of keeping pace with demand, according to new research by Bain & Company.

The report shows that by 2030, global incremental AI compute requirements could reach 200 gigawatts, with the US accounting for half of the power.

Even if companies in the US shifted all of their on-premise IT budgets to cloud and reinvested…



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$2 trillion in new revenue needed to meet AI demand globally by 2030: Report



At least $2 trillion in annual revenue is needed to fund computing power needed to meet the anticipated AI demand globally by 2030, a new report showed on Tuesday.

However, even with AI-related savings, the world is still $800 billion short of keeping pace with demand, according to new research by Bain & Company.

The report shows that by 2030, global incremental AI compute requirements could reach 200 gigawatts, with the US accounting for half of the power.

Even if companies in the US shifted all of their on-premise IT budgets to cloud and reinvested…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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