Companies are hoarding AI compute because of FOMO — and they're sitting on most of it

Source: Business Insider

New cloud usage data show that as companies pour billions into AI infrastructure, much of that computing power sits idle. Mario Tama/Getty ImagesCast AI found that most companies underutilize GPUs at 5% of total capacity. Laurent Gil, Cast AI's CEO, said that firms overbuy GPUs out of fear of missing out rather than out of demand.