Cloud computing providers Amazon Web Services , Microsoft Azure and Google Cloud have expanded their Nvidia processor installations to meet customer demand , with these processors powering services from chatbots to code generation systems . “ Industry experts and consulting leaders are building out practices to guide enterprises through adding Gen AI capabilities to their businesses ,” Erik Pounds , Senior Director of Enterprise AI at Nvidia told Technology Magazine earlier in 2024 . “ The industry will continue to evolve at a rapid pace , and enterprises with strong partnerships will be well positioned to adapt their strategies and lead their industry in Gen AI .”
Enterprise adoption trends Research from IBM indicates that 59 % of chief executives globally say their organisation must take advantage of technologies like generative AI ( Gen AI ) – systems that can create content from text to images – into their digital services , with executives believing companies leading in AI development will secure significant market advantages .
Financial services firms have emerged as significant users of AI processing power . Investment banks use Nvidia ’ s processors for risk analysis and trading algorithms . Insurance companies apply the technology to claims processing and fraud detection .
80 December 2024