Emelia Beeson of NexGen Cloud explores how businesses are tackling the lack of computational power through virtualisation & distributed computing…
AI, robotics, and Web3 are seeping into our lives without most of us even noticing. The acceleration within tech seems to be increasing dramatically around every corner – but that could all change very soon.
Why? We’re finally approaching the limits of computational power.
Mainstream public platforms are struggling to keep up already – we can see this in action as price hikes increase to keep up with demand. For instance, Intel’s recent announcement that it would raise prices by up to 20% for chips and processors. This, in turn, is making it nearly impossible for SMEs with lower budgets and higher computing demands to be competitive.
To put this into perspective, we should refer to Moore’s Law – one of the most influential theories in computing of the 21st century. It states that every two years, the number of transistors on a silicon chip will double.
Since the transistor count is related to processing power, computing power has effectively been doubling every two years, which is why we have seen such an acceleration within technology over the past few decades.
However, Moore predicted that the laws of physics would no longer allow for this acceleration by the end of the 2020s: “In terms of size of the transistor, you can see that we’re approaching the size of atoms, which is a fundamental barrier.”
How Do We Make Sure We Don’t Reach a Computational Standstill?
Businesses such as NexGen Cloud, one of the most advanced IaaS companies in Europe, are tackling this problem right now through virtualisation and distributed computing.
More from Tech
- Part 2: Expert Predictions For Artificial Intelligence in 2024
- Part 1: Expert Predictions For Artificial Intelligence in 2024
- What Technology Is Behind Topgolf?
- How Has ChatGPT Affected Healthcare?
- Google Bard Vs ChatGPT
- AI’s Impact on The Advancement of Golf
- 5 Ways Technology Is Revolutionising Golf Courses
- Features to Consider When Choosing a Vehicle Tracking System
Being able to virtualise computing power, especially with regards to GPU processing, via the cloud is revolutionising the most workload intensive industries, such as AI and rendering. These virtualised layers are no longer limited by the power of a single processor or chip – companies and individuals alike can now distribute the power of multiple GPUs and processors within a single cloud instance, harnessing High-Performance Computing from anywhere in the world.
These companies are finding ways around the limits of Moore’s law – paving the way just in time as computational demand began to outstrip the supply – allowing a potential acceleration in computational power like we’ve never seen before.
As computational processing capabilities increase, so must the method of storing the data being processed, as larger datasets need to be used.
How Can We Store These Larger Datasets?
Herein lies another problem: the world hasn’t updated the method of storing data for over 20 years, relying on a centralised model. Right now, data storage is just far too expensive to keep; we only actually store 2% of the data we produce. This puts a massive limitation on the amount of data available to process, and thus computing is still limited, especially deep learning and AI, for as long as this problem continues.
Decentralised storage hopes to solve this issue by utilising ground-breaking cloud technology that is more secure, immutable and – perhaps most notably in terms of technology acceleration – far cheaper.
To give you an idea of how the world is reacting to these disruptive supply demands, we only need to look at the staggering growth of NexGen Cloud as an example. In its first two years of operation, the company is already valued at over $100 Million.
As it stands, NexGen Cloud is the largest decentralised storage provider in Europe and soon to be the largest in the world, with a #1 ranking in reputation from the Filecoin network. This start-up already accounts for 2-3% of data storage worldwide and boasts one of Europe’s largest enterprise GPU cloud environments.
The world is on the brink of a fundamental change in computing. NexGen Cloud is offering sophisticated investors the opportunity to be a part of this necessary evolution through a range of unique investment opportunities.
Would you like SEO or PR for your business?
Contact us here for more information >>