Data gold rush: companies once focused on mining cryptocurrency pivot to generative AI
Tech companies are cashing in on an unprecedented demand for computing power needed to operate artificial intelligence Get our morning and afternoon news emails, free app or daily news podcastSince generative AI exploded into global consciousness in 2023, an unprecedented demand for computing power has emerged alongside the demand for apps utilising the technology.Tool’s like OpenAI’s ChatGPT require thousands of Nvidia GPUs (graphics processing units) to smoothly process all the information being fed in and output. Nvidia last week compared GPUs to rare earth metals for AI, saying they’re “foundational” for the operation of generative AI today.Sign up for Guardian