As per a report by Markets & Markets, the Cloud AI Market is growing rapidly with projections indicating a valuation of USD 274.54 billion by the year 2029, growing at a CAGR of 32.37%. A key driver of this growth is Generative AI, which is taking center stage in a variety of applications.
In general, AI models with their core in Gen AI, attract high cloud costs as they require a large amount of computation power to keep them running. Hence, there arises a need for business leaders to manage and optimize these expenses wisely.
Let’s peek into how adopting cloud cost optimization techniques can ensure the long-term success of your Gen AI-based applications and ways to do so.