AI Infrastructure Race: GPUs and Accelerators Surge to $54 Billion by 2Q 2024
Tuesday, 17 September 2024, 17:00
AI Infrastructure Race Drives Growth
The AI infrastructure race has seen GPUs and accelerators reaching an impressive $54 billion milestone in the second quarter of 2024. According to a recent report by Dell'Oro Group, server and storage system component revenues have soared by 127% year-over-year.
Key Findings from Dell'Oro Group Report
- GPUs are becoming essential for AI workloads.
- Innovations in acceleration technology are driving hardware demands.
- Investment in server infrastructure reflects market shift towards AI capabilities.
Implications for the Tech Industry
This exponential growth demonstrates a significant shift in the tech industry, emphasizing the importance of advanced hardware in supporting AI applications.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.