Companies Hoarding AI Compute Power Due to FOMO

Companies are hoarding AI compute because of FOMO — and they're sitting on most of it

New cloud usage data show that as companies pour billions into AI infrastructure, much of that computing power sits idle. Mario Tama/Getty Images Cast AI found that most companies underutilize GPUs at 5% of total capacity. Laurent Gil, Cast AI's CEO, said that firms overbuy GPUs out of fear of missing out rather than out of demand. The price of GPUs is rising as demand for AI outpaces supply. New cloud usage data show that as companies pour billions into AI infrastructure, much of that comp...