This report looks at AI infrastructure as a space for potential investments at the growth stage. McKinsey estimates that while up to US $25.6 trillion p.a. in economic value could be added to the global economy by Generative Artificial Intelligence (GenAI) and its applications, the build-out of essential AI infrastructure is fundamental to realizing this potential: “infrastructure is destiny”, as one OpenAI executive recently put it.
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The current phase of AI infrastructure growth is however being hampered by a series of stark shortages: of hardware (GPUs and other AI chips), of sustainable energy sources, of high-quality training data and of talent. We believe that technologists from many companies including our VGB AI Infra 40 list are aiming to respond with innovative rethinking of hardware, software, data and tooling stacks, increasingly led by AI use cases, including the growing need for edge compute.