AI will spur growth in data centres, potentially leading to semiconductor shortage: Bain & Co

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AI will spur growth in data centres, potentially leading to semiconductor shortage: Bain & Co - e27

Quick Summary:

In a new research released today, Bain & Company revealed that the market for Artificial Intelligence (AI)-related hardware and software is expected to grow between 40 per cent and 55 per cent annually, reaching between US$780 billion and US$990 billion by 2027.

Scope deals now account for nearly 80 per cent of all tech M&A, a far greater share than in most other sectors.

The fifth annual Global Technology Report provides insights on the new waves of growth in the technology sector as a result of disruptions from the fast-changing AI advancements.