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Drumbeat of artificial intelligence powers Big Tech

AI’s revenue potential is set to grow rapidly, with Big Tech companies the structural winners

    • ChatGPT is able to generate responses in split seconds due to Microsoft Azure data centres powered by tens of thousands of Nvidia GPUs.
    • ChatGPT is able to generate responses in split seconds due to Microsoft Azure data centres powered by tens of thousands of Nvidia GPUs. PHOTO: REUTERS

    Hou Wey Fook

    Published Tue, Sep 5, 2023 · 05:59 PM

    THE emergence of artificial intelligence (AI) has presented a new realm of possibilities and perils.

    Despite initial displacements, AI, as in past technological innovations, will drive productivity gains over a longer time horizon.

    According to McKinsey, AI could potentially deliver additional economic output of some US$17-25 trillion by augmenting labour productivity, reducing costs, and creating new revenue streams.

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