31
May
It’s no secret the AI accelerator business is hot today, with semiconductor manufacturers spinning up neural processing units, and the AI PC initiative driving more powerful processors into laptops, desktops and workstations. Gartner studied the AI chip industry and found that, in 2024, worldwide AI chip revenue is predicted to grow by 33%. Specifically, the Gartner report “Forecast Analysis: AI Semiconductors, Worldwide” detailed competition between hyperscalers (some of whom are developing their own chips and calling on semiconductor vendors), the use cases for AI chips, and the demand for on-chip AI accelerators. “Longer term, AI-based applications will move out of…