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AI needs $6tn in annual revenue to justify data centre boom, Bain says

The artificial intelligence industry needs to become creative with new propositions to earn $6 trillion in annual revenue by 2031 and justify the capital being deployed for data centres, a new report from Bain and Company has shown.Revenue from new product development is projected to become the biggest contributor to the industry, estimated to generate about $4.2 trillion to fund the booming technology's global market within the next half-decade, the US consultancy said in its latest technology ...

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