AI needs $6T in annual revenue to justify data centre boom

Automated excerpt

The artificial intelligence industry needs to become creative with new propositions to earn $6 trillion in annual revenue by 2031 and justify the capital being deployed for data centres, a new report from Bain and Company has shown. Revenue from new product development is projected to become the biggest contributor to the industry, estimated to generate about $4. 2 trillion to fund the booming technology's global market within the next half-decade, the US consultancy said in its latest technology report series on Tuesday. That segment would include innovations in search, advertising, autonomy and physical AI, analysts at Boston-based Bain said.

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