TECH - Exclusive: Apple Supplier's Subsidiary Behind Supercomputer Donated To OpenAI Predicts AI Server Sales Tripling To Over $31B Next Year | Benzinga
Apple Inc. supplier Hon Hai Precision (OTC:HNHPF), operating as Foxconn Technology Group's subsidiary, Ingrasys, is riding high on the boom in demand for artificial intelligence (AI) solutions.
It believes that its AI server revenue will surge more than three times in the next year. This comes amid Nvidia Corp. CEO Jensen Huang's prediction that data center spending will double to $2 trillion by 2029.
At the ongoing Computex technology trade show in Taiwan, Benzinga caught up with Ingrasys spokesperson Jimmy Huang to understand what one of the leading cloud infrastructure providers in the world thinks of the AI opportunity.
For context, Ingrasys says it manufactured the DGX-1 supercomputer that Nvidia's Huang donated to OpenAI back in 2016. He also donated the new DGX H200 GPU to the Microsoft Corp.-backed AI startup in April.
Are We In An AI Bubble?
The rapid rise of Nvidia over the past two ...