A Wipro report on cloud computing finds enterprise leaders are moving towards cloud-based platforms for artificial intelligence use cases. That probably makes sense to many as projects move from pilot stage to full implementation, which requires scaling the compute infrastructure.
While not absolutely confirming the magnitude of hyperscale cloud computing leader investments in AI infrastructure, the survey of some 500 U.S. and European business leaders tends to confirm the need for additional infrastructure investment to support AI operations.
Microsoft, for example, has announced it will spend about $80 billion on AI infrastructure in its 2025 fiscal year (ending in June 2025) after spending about $53 billion on data center infrastructure in 2023 and 2024.
It has been estimated that Microsoft, Meta, Amazon, Alphabet and Apple alone invested up to $210 billion in infrastructure (including AI infra) in 2024 alone.
S&P Global Ratings expects market annual spending for artificial intelligence, including traditional AI (machine learning) and generative AI, will expand to nearly $650 billion by 2028 from less than $200 billion in 2023, a compound average growth rate in the high-20 percent area.
The agency projects the AI market will account for nearly 15 percent of total global IT spending by 2028, including semiconductors, hardware, software, and IT services.
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