TechnologyPhoto: HT TechAI Compute Market Grows to $360 Billion, Needs New Trading Models
Artificial intelligence is driving a surge in demand for compute power, now considered a key technological fuel. In 2023, global spending on AI compute reached $360 billion, 50% more than copper. Boston Consulting Group projects this market could hit $2.3 trillion by 2030, rivaling crude oil trade. However, the market remains immature, dominated by a few large cloud providers and AI labs, with limited access and financial tools for smaller firms.
HT Tech·




