Indeed, while neural networks and other AI models have been around for many decades, at least in concept, they only became functional recently because the hardware finally has the right amount of computational, memory and connecting power to train a neural network.
Digitalisation, led by the proliferation of computing power and greater internet connectivity, affects every corner of our lives. Importantly, digitalisation is transforming how we consume data, work and interact with others.
There is a universal acknowledgement that recent advancements in generative AI have been achieved thanks to the extraordinary innovations in the semiconductor industry.

