Global AI Arms Race Accelerates with Cutting-Edge Tech and Strategic Investments
VANCOUVER, BC, Feb. 12, 2024 /PRNewswire/ -- USA News Group - The world is undergoing a massive AI revolution, that according to analysts at McKinsey Global Institute could add the equivalent of up to $4.4 trillion annually in value in the near future. With such immense potential on the line, an AI arms race is underway, several firms are establishing their positions by developing and acquiring new tech, including Avant Technologies Inc. (OTCQB:AVAI), C3.ai, Inc. (NYSE:AI), Snowflake Inc. (NYSE:SNOW), Apple Inc. (NASDAQ:AAPL), and even asset management firm Blackstone Inc. (NYSE:BX).
- Along the important road towards this new technological integration, businesses trying to use AI in their products are facing big challenges.
- These challenges are mostly because of the high costs of computing power and a global shortage of data storage expected by 2025.
- Avant is dedicated to advancing AI technology and is creating a specialized computing environment specifically designed for AI applications.
- "In this new AI era, generative AI and large language models will reshape how we live, work and do business."