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NEW YORK , Dec. 6, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global supercomputer market size is estimated to grow by USD 33.46 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 28.54% during the forecast period. Commercial customers increasingly adopting supercomputing systems is driving market growth, with a trend towards growing use of cloud. However, high ownership cost and large power consumption increases total cost poses a challenge. Key market players include Advanced Micro Devices Inc., Apple Inc., ASUSTeK Computer Inc., Atos SE, Cerebras, CoreWeave, Dell Technologies Inc., Ford Motor Co., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., Lenovo Group Ltd., Meta Platforms Inc., Microsoft Corp., NVIDIA Corp., Renesas Electronics Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver Supercomputing centers are partnering with cloud providers like Microsoft Azure to expand their market reach. Cray's collaboration with Microsoft allows access to Azure's customer base and offers dedicated Cray supercomputers for HPC and AI applications. This arrangement caters to users seeking cloud flexibility and broadens the market for supercomputing, particularly in the private sector, including automotive, financial services, and life sciences. Microsoft Azure data centers will host Cray systems, with direct customer contracts for support and maintenance. Such collaborations are expected to increase as supercomputer vendors explore new markets. The supercomputer market is experiencing significant growth due to the increasing demand for advanced computing solutions. Genomics, deciphering complex data, and artificial intelligence are key areas driving this trend. Cloud computing and compositing are also important technologies shaping the market. The use of vector processing and parallel processing units is becoming more common. Operating systems like Linux and OpenPascal are popular choices for supercomputer environments. The market is competitive with companies focusing on delivering high-performance computing solutions. The future of supercomputing lies in its ability to handle large datasets and complex calculations, making it an essential tool for various industries. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges The supercomputer market faces challenges due to substantial costs associated with ownership and maintenance. These costs include installation, power consumption, and annual maintenance. Supercomputers can cost between USD100 million and USD300 million , with energy consumption averaging 6-7 megawatts and peaking at 9.5 megawatts, leading to an annual energy cost of USD6 -7 million. Location, size, cooling solutions, square footage, redundancy, data center complexity, and interconnect network type significantly impact costs. These factors may hinder market growth during the forecast period. The supercomputer market faces several challenges in the current climate. Decision-making processes require massive computational power, driving demand for advanced technologies. However, cost and complexity are significant barriers to adoption. Consumers seek cloud-based solutions for affordability and ease of use. Depreciation rates are high, making investments a risk. Technical expertise is essential for implementation and maintenance. Additionally, data security and privacy concerns persist. Despite these challenges, the market continues to grow, driven by advancements in artificial intelligence and machine learning. Companies must innovate to meet consumer demands and overcome these hurdles. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This supercomputer market report extensively covers market segmentation by 1.1 Linux 1.2 UNIX 1.3 Mixed 1.4 Windows 2.1 Government entities 2.2 Scientific research and academic institutions 2.3 Commercial industries 3.1 Intel 3.2 IBM (Power) 3.3 AMD 3.4 Others 4.1 APAC 4.2 North America 4.3 Europe 4.4 South America 4.5 Middle East and Africa 1.1 Linux- Linux is the dominant operating system in the supercomputer market due to its ability to support various hardware architectures and platforms, superior hardware driver quality, and open-source nature. Supercomputer vendors prefer Linux for its cost-effectiveness, ease of integration, and extensive software packages. Linux's scalability, reliability, flexibility, and ease of use further enhance its appeal. The absence of licensing fees and the ability to add or remove networking devices without rebooting also contribute to its popularity. Linux's security features are an added advantage, making it a preferred choice for the supercomputer industry. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The Supercomputer Market is experiencing significant growth due to the increasing demand for advanced Data Sets and Analytics workloads. Cloud-computing and Platform-as-a-Service (PaaS) solutions are driving this trend, enabling enterprises to access Higher Processing Power on-demand. Supercomputers, powered by Linux and Unix operating systems, are essential technology-based solutions for managing and analyzing large Data Sets. These systems are crucial for Decision-making processes in various industries, including CT scanning and Vector processing machines. Investments in Research and Development activities continue to fuel innovation, leading to the development of more powerful and efficient supercomputers. Cloud Computing is also playing a pivotal role in making supercomputing capabilities more accessible and cost-effective for businesses. Market Research Overview The supercomputer market encompasses the design, development, and deployment of high-performance computing systems capable of processing complex data and performing large-scale simulations. These systems are essential for various industries, including finance, healthcare, and research, to analyze massive datasets and make informed decisions. The market is driven by advancements in technology, such as the integration of artificial intelligence and machine learning, and the increasing demand for data-intensive applications. Additionally, the growing trend towards cloud computing and the adoption of hybrid computing solutions are shaping the market's growth trajectory. The market is expected to witness significant growth in the coming years due to these factors and the continuous development of more powerful and efficient supercomputers. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation OS Linux UNIX Mixed Windows End-user Government Entities Scientific Research And Academic Institutions Commercial Industries Processor Type Intel IBM (Power) AMD Others Geography APAC North America Europe South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
WASHINGTON—The White House in a new memo on Dec. 15 has outlined President Joe Biden’s key priorities to accomplish his stated goals before leaving office next month. The president’s priorities include expanding clemency and pardons, advancing climate-related initiatives, providing student debt relief, and addressing concerns about artificial intelligence (AI), according to a new memo by Ben LaBolt, senior advisor to the president and communications director. Biden will also prioritize allocating additional funds from his signature laws including the Inflation Reduction Act (IRA) and the CHIPS Act. “The President has been clear to his team that we need to make every day count, and build on the historic progress we have made,” LaBolt said in the memo. “In the coming weeks, you will see him do just that.” On Dec. 12, Biden issued pardons for 39 people convicted of non-violent crimes and commuted the sentences of nearly 1,500 others, in the largest single-day act of clemency in history. Biden has commuted more sentences at this point in his presidency than his recent predecessors. He is also the first to issue categorical pardons to people convicted of using or possessing marijuana and former military members convicted of private conduct related to their sexual orientation. In the coming weeks, the president will “take additional action in the clemency and pardons space,” LaBolt said. Biden has made climate action a central focus of his presidency through both executive measures and legislation, such as the IRA. In his final weeks, the president will maintain this focus by “taking action to protect our lands and waters and continue our climate ambition alongside state, local, and tribal and business leaders,” according to the White House. In addition, Biden will take action on AI, though the specifics remain unclear. On Oct. 24, Biden issued a national security memorandum on the use of AI. “The United States must lead the world in the responsible application of AI to appropriate national security functions,” the memorandum read. Biden has repeatedly warned of threats stemming from the development of AI. “Nothing is certain about how AI will evolve or how it will be deployed. No one knows all the answers,” Biden said, urging countries to work together to address issues surrounding the use of this new technology. In the final stretch, the White House will also focus on distributing all unspent money before the new administration takes the reins. The president will continue “investing in all of America, announcing high-speed internet funds to states, CHIPS funding awards, IRA funding, and more,” LaBolt said. The president has directed his staff to disburse as much funding as possible before the end of his term. On Dec. 11, the Biden administration awarded $735 million in grants to 70 recipients to help purchase 2,400 zero-emission heavy-duty vehicles. The day before, on Dec. 10, the administration announced the allocation of $6.2 billion in direct funding to Micron Technology as part of the CHIPS Act to help fund the construction of several memory chip facilities in the United States. Micron plans to invest $100 billion in New York and $25 billion in Idaho over the next two decades, according to a statement by the Department of Commerce. “A Presidency is not measured just in weeks, months, or four-year terms alone—rather its impact is evaluated for years and decades to come,” LaBolt said. “The dividends of the Biden-Harris Administration will continue to transform the country long after January 20, 2025.”None
Education and Planning Adviser Prof Wahiduddin Mahmud says he would like to see a politically elected government next year. "I think we'll see a politically elected government next year. This is my opinion, but I'm not sure what will happen," he told a conference in Dhaka yesterday. "No country becomes a developed nation overnight. It requires collective efforts. Our interim government is here for a short term," the adviser said while responding to a query on when Bangladesh might achieve a developed country status. The Bangladesh Institute of Development Studies (BIDS) organised a four-day annual conference at Lakeshore Hotel in Gulshan. The conference's theme is "equality, opportunity, freedom, and dignity: restructuring institutions for equitable and sustainable development". "We are still not thinking about the low-income trap. We have not yet considered how we would achieve the position that the Philippines and Thailand have achieved, let alone Malaysia," the adviser said. He recalled Vietnam's per capita income in the 1990s, claiming it was like that of Bangladesh at the time. The adviser added that Vietnam's per capita income is now 40 to 50 times more than Bangladesh. The country is now availing $20 billion in foreign direct investment every year, while Bangladesh gets $1-2 billion. "While their entire economy is export-oriented, we only have one or two sectors like that," said Prof Mahmud. "Currently, they have 30 to 40 free trade agreements (FTA), including with the European Union," he said. Recently, Vietnam has signed a strategic partnership with the US on particular technology transfer. They also trade with The Association of Southeast Asian Nations (ASEAN) countries. "Our economy has to be more competitive as a prerequisite condition for that. "If you don't become competitive, you can ask for a one-sided concession rather than any bilateral or multilateral move where there is an issue of give and take," he said. Prof Mahmud also expressed concern about the quality of human capital as it would be difficult to move on creative destruction. "Our industries must be more competitive for the economic development of the country." "Competitive does not mean only cheap labour and poor technology. Technological innovation and human resource development are needed where education will play a role." He explained that in East Asia, 30 percent students pursue higher education, while about 70 percent go for vocational education. "In our country, only 20 percent students pursue vocational education. Around 80 percent posts of teachers are vacant." On the other hand, the country is building infrastructure for universities in every district for general education, the adviser said. "From this perspective, how will we go for the creative destruction? It is not possible for us [interim government]. I have enough doubt whether any political government can do it." BIDS Director General Binayak Sen delivered the opening remarks during the inaugural session.Taylor Swift eyeing Nashville as her next home to support Travis Kelce and be closer to Kansas City amid security concerns