The race to profit from tech’s AI revolution

AI revolution driven by new supercomputers

The AI revolution is driven by spectacular increases in computing speeds. Semiconductors are therefore an important element in the AI value chain

Data is the new gold for AI development

We expect that the owners of private data will build proprietary solutions, opening a new source of revenue

AI frontrunners will benefit most, with Microsoft in the lead

We expect many sector-specific AI solutions to emerge. Given economies of scale, early leaders like Microsoft will likely benefit most

Countries must embrace AI or risk missing out on strong ICT growth

We think data centre capacity will grow by 10% a year, facilitating growth of the market for AI services

AI services will become more affordable over time

We expect prices of AI services to come down, in line with historical developments of ICT hardware prices