Analysts predict a booming AI infrastructure market, led by major tech firms enhancing digital capabilities
The growth of generative AI significantly boosts economic potential across various sectors, according to USA News Group.
Analysts from ING emphasize the essential role of investment in data and digital infrastructure for realizing this potential.
They cite projections from Dell'Oro and Bank of America, which expect investments in digital infrastructure by major tech companies to increase by 15-22 percent this year.
Similarly, SNS Insider analysts forecast that the AI Infrastructure Market will reach US$222.42bn by 2030, with a CAGR of 25.5 percent.
Avant Technologies Inc. has recently expanded its AvantAI platform, enhancing its high-performance data center infrastructure to support new AI technologies. This includes launching a supercomputing network and a comprehensive licensable data set.
Danny Rittman, Avant's Chief Information Officer, commented on the launch, stating that Avant's resources would significantly advance AI-driven solutions by removing technical and financial barriers, thereby empowering developers.
Furthermore, Avant Technologies is implementing an AI-empowered, Zero Trust Architecture (ZTA) in its data centers, as announced by William Hisey, the new CEO. This architecture will ensure robust security by requiring continuous authentication of all users and devices accessing network resources.
In addition, Avant Technologies has enhanced its AvantAI™ platform to include smart monitoring and proactive management for optimizing data center operations. This update facilitates real-time monitoring and dynamic resource adjustment, improving efficiency and responsiveness.
Vertiv Holdings Co has reported a 60 percent growth in organic orders for its digital infrastructure solutions in the first quarter of 2024, highlighting increased demand and longer lead times for AI-related projects, according to CEO Giordano Albertazzi.
The company continues to enhance its portfolio to support high-density and GPU-based deployments.
Equinix, Inc. has partnered with PGIM Real Estate in a $600m joint venture to develop the first xScale data center in Silicon Valley, enhancing its global xScale data center portfolio, which now projects over $8bn in investments.
Innodata Inc. has secured three new large language model (LLM) development programs, with CEO Jack Abuhoff noting the importance of high-quality data for refining AI models and the company's strong partnership with major tech firms.
Salesforce, Inc. has launched its Zero Copy Partner Network, creating a global ecosystem of technology partners, including AWS and Google Cloud, to facilitate secure and efficient data integrations, as stated by Brian Millham, president, and COO.
This network aims to consolidate customer data into a unified view within Salesforce, enhancing decision-making and customer interactions.
