Banks brace for higher costs as chip memory runs short
A recent report from Gartner shows the price of memory is rising, putting the squeeze on firms eager to adopt AI.
Financial services firms are paying more for compute, memory, and semiconductor chips than ever before, and it is giving artificial intelligence hyperscalers pause, according to a recent report from Gartner.
A shortage of two specific types of memory needed for AI usage, Dynamic Random Access Memory (DRAM) and NAND flash memory, has pushed chip prices up sharply this year, worsened by large language model consumption. For some banks, hyperscalers, and technology firms who have made technological
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