Demand for artificial intelligence (AI) hardware has jumped substantially in the past couple of years. Technology giants in the U.S. and abroad, along with governments around the globe, are pouring billions of dollars into developing powerful large language models (LLMs), which can then be deployed to create useful applications to enhance productivity.
Market research firm IDC is expecting global AI spending to hit a massive $337 billion this year. That figure is expected to more than…
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