Doug Petkanis, the co-founder and CEO of Livepeer, shared his insights with Cointelegraph about the escalating demand for AI computing power in 2024 and how companies can manage these requirements.
Over the last year the emergence of accessible generative artificial intelligence (AI) tools unleashed a frenzy of usage among consumers. From answering modest questions to using technology to perform excessive work tasks, technology is becoming more of a mainstay in everyday life.
The data backs this up, with the most popular AI platforms seeing a massive increase in traffic. OpenAI’s popular AI chatbot ChatGPT has around 180.5 million monthly users as of January 2024.
In this rapidly evolving landscape of generative AI, the demand for computing power to run the technology is reaching unprecedented levels, however. As businesses grapple with the complexities of managing this surge in computational requirements, industry experts are trying to find practical solutions.
