The artificial intelligence (AI) industry was caught between euphoria and caution. Alphabet (Google), Amazon, Meta and Microsoft raced to invest, spending nearly $200 billion on AI infrastructure. Nvidia, the leader in AI-chip production, reaped gigantic rewards. Sales of such chips are expected to have doubled in 2024, driving its valuation to nearly $3.4 trillion. Demand for AI servers surged: firms such as Dell and HPE reportedly doubled their sales. But cracks began to show. The soaring energy costs of training and running generative AI models raise questions about long-term economic viability.
Tag: Corporate
ESG: A Corporate Facade or a True Commitment?
Let me begin by asking you a question. How many of these boxes have you checked? A donation box right next to the billing counter, asking you to chip in for an NGO every time you visit the supermarket. Coffee cups with bold, eco-friendly labels declaring they’re made of recycled material, justifying those extra cents in charges. Every clothing brand telling you they’ve used “sustainable” cotton, while you pay a premium for it. Does this sound familiar?