"AMSTERDAM, June 1 (Reuters) - Nokia has overtaken PalmOne as the world's top seller of mobile computers in the first quarter, as consumers chose smartphones over handheld computers to organise their lives, a survey showed on Tuesday. Finland's Nokia increased its market share to 28.2 percent, up from 21.5 percent in the first quarter of 2003, while U.S.-based PalmOne saw its share dwindle to 16.8 percent from 26 percent, British research group Canalys said."
Commercial interest in Generative AI (GenAI) tools has reached a fever pitch, and the latest forecast from Gartner amplifies this emerging trend. Gartner predicts $644 billion in worldwide spending on GenAI in 2025, marking a dramatic 76.4 percent increase from the previous year. This surge underscores the impact GenAI will have across industries. It also requires a closer examination of the underlying dynamics of future potential. Generative AI Market Development This growth is fueled by the GenAI foundational model providers who invest billions into enhancing the size, performance, and reliability of their models. Hardware also accounts for a significant portion of this spending, with ~80 percent allocated to servers, smartphones, and PCs equipped with artificial intelligence capabilities. This highlights the critical need for computational power to support the demanding workloads of GenAI. However, Gartner also injects a dose of reality into the GenAI hype cycle. There's a dec...