-
The World Gold Council predicts that advancements in AI technology will increase demand for gold.
-
Gold is an essential component in the manufacturing of AI-enabled devices, including processors, memory chips, and sensors.
-
The demand for gold is expected to rise as AI technology becomes more widespread across various industries.
The World Gold Council has released a report stating that advancements in AI technology are expected to boost demand for gold. As AI technology becomes more widespread across various industries, the demand for sophisticated and powerful hardware is likely to increase. This hardware relies heavily on gold, which is used in the manufacturing of AI-enabled devices such as smartphones and autonomous vehicles.
Gold’s unique properties make it an essential component in the manufacturing of AI-enabled devices. Its superior conductivity ensures that data can be processed and transmitted at high speed with minimal energy loss. Additionally, gold’s resistance to corrosion and its physical and chemical properties allow it to be made into extraordinarily thin wires and reliable coatings.
The increased demand for gold is expected to put pressure on manufacturers to evaluate how they use the precious metal. However, the World Gold Council predicts that manufacturers will continue to innovate and find new ways to use gold in their applications.
