Foundry Raises $80 Million to Simplify Access to AI Computing
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Spending on edge computing is projected to grow 15.4% in 2024 to $232 billion, with an additional $100 billion expected in three years, according to IDC . Edge computing is crucial for AI deployment due to its distributed approach to architecture, which meets scalability and performance requirements. IDC defines edge computing as encompassing 19 industries, over 500 enterprise use cases, and includes hardware, software, and services .
The need for edge infrastructure arises from the fact that AI applications do not require the massive power of GPU clusters and benefit from reduced latency by being closer to users. The most common edge AI use cases include multi-access edge computing (MEC), content delivery networks, and virtualized networking functionality. IDC expects the largest investm...
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