Cloud computing sales are expected to rise to $2 trillion by the end of the decade, according to Goldman Sachs Research. Generative artificial intelligence is forecast to account for about 10-15% of the spending. The total addressable market for cloud services is poised to expand at a 22% compound annual growth rate from 2024 to 2030, writes Kash Rangan, head of US software research in Goldman Sachs Research,…

Superfast chips are in high demand — not just by the artificial intelligence industry, but also by companies that work in computer graphics, robotics, autonomous vehicles, or drug discovery. “It’s fun to see all these amazing applications being created,” says Jensen Huang, the CEO of Nvidia. Speaking to David Solomon, the CEO of Goldman Sachs, at the Communacopia + Technology conference in San Francisco, Huang explained how computer graphics, for…

With the world’s biggest companies racing to build the most sophisticated artificial intelligence, questions about how far and how fast the technology can be scaled are coming into focus, according to Goldman Sachs Research.  The advent of generative AI has created a surge of excitement about the future of the technology. Unlike other types of AI, gen AI can create its own outputs in natural language. Because it’s “multimodal,\” it can…