AI
$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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