AI race sets stage for business disruption
AI will make many South African firms more productive, but will also force traditional industries to adapt to a rapidly evolving landscape
06 February 2025 - 05:00
The investment frenzy in AI infrastructure — ranging from high-performance computer chips to huge data centres and even electricity providers — bears striking similarities to the internet boom of the 1990s.
Companies such as Nvidia, whose share price has surged dramatically with rocketing demand for AI chips, are reminiscent of the tech darlings of that era. Back then, investors poured capital into the infrastructure of the digital age, betting on the proliferation of the internet by financing vast networks of fibreoptic cables, switches and networking equipment...
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