How Chasing AI Shifts Tech Spending Patterns
theCUBEresearch, Saturday, April 20th, 2024
In another big week we saw the AI battles continue to escalate.
Google reorged to better focus on AI, Meta's Llama 3 was released, TSM is doubling its manufacturing capacity for NVIDIA high end chips, Samsung got a $6.4B tranche of the chips act money, a Microsoft paper describes VASA-1 that turns photos into a kinda creepy talking head, Mistral is doing a $1/2B raise at more than 2X its last valuation from just four months ago and SAS introduced industry models in a sign that demand for domain-specific AI is taking shape. Since the AI awakening in November of 2022, the spending climate for enterprise tech has transformed.