Artificial intelligence investment frenzy will reach US$200 billion in 2024

Artificial intelligence investment frenzy will reach US$200 billion in 2024

Due to the growth in the valuation of Nvidia, one of the main manufacturers of semiconductors in the world, used for the development of artificial intelligence applications and software, The Economist published its forecast report on the technology and telecommunications sectors and anticipated that during this year, Investment in AI will represent a frenzy for what lies behind it.

The clearest example is the movement that Goldman Sachs expects, they anticipate a total investment in this sector of US$200 billion in 2024 and falls in the metaverse.

Following the launch in November 2022 of ChatGPT, an artificial intelligence tool that, from the user’s perception, democratized access to this disruptive technology, it is estimated that during this year investment in data processing centers and servers will grow to meet the demand for AI data storage. On the other hand, Demand for smartphones, personal computers and tablets is expected to remain at levels seen last year in contrast to increased investment in electric vehicle technology as demand grows.

Chipmakers from Taiwan and the United States such as Tsmc and Intel will take the lead in building new factories by the offer of subsidies in countries such as Germany, the United States and France.

However, the report details that the advance of artificial intelligence could have an impact on the political landscape of nations, especially those that will undergo presidential elections such as the United States and India. Against this, The Economist recommends tracking the generation of content made by AI in order to warn citizens about content that is intended to misinform and erode voter trust.

The United States, one of the countries with the most centers for the development of new technologies, will have the challenge of facing the evolution of AI while its regulation will be subject to how far it advances.

In the case of China, its AI regulations have two aspects: one that aims at the transparency of recommendation algorithms, while those for generative artificial intelligence focus on responsibility and precision. AI is a strategic priority for the country and a strict crackdown is unlikely to be imposed in 2024.

In terms of connectivity, it is estimated that the number of people connected to the internet in the world reach 5,000 million Worldwide Web users, with the Asia-Pacific region being the most represented with 3,000 million connected, followed by Europe with a figure close to 600 million Europeans who use the internet.