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10 September 2024

AI hype hits reality roadblock

While there is no shortage of hype surrounding artificial intelligence (AI), businesses are beginning to realise just how difficult it can be to deliver something useful with the technology. The headline-grabbing revenue of chipmaker Nvidia is an indicator of how much money is being spent on building infrastructure to support AI inference and machine learning workloads, but in reality, many businesses are struggling with the technology. Nvidia’s latest financial results show that its datacentre business posted $26.3bn revenue in the last quarter, much of which came from sales of AI acceleration hardware to cloud providers, consumer internet businesses and enterprises riding the AI wave. However, a survey from Sapio Research for Hewlett Packard Enterprise (HPE) found that only one-third (32%) of IT leaders in the UK and Ireland believe their organisations are fully set up to realise the benefits of AI. The poll of 400 IT leaders in the UK and Ireland for HPE’s Architect an AI advantage report found that while commitment to ...

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