Gold and artificial intelligence
Average reading time — 3 minutes
Artificial intelligence has long ceased to be science fiction and is actively being integrated into all spheres of human activities. Experts estimate that by 2027, the AI technology market will be valued at approximately $407 billion. This is almost five times more than in 2022.
Interestingly, gold is directly related to artificial intelligence. It is very likely that without the precious metal, these amazing technologies would have remained the flight of fantasy of science fiction writers.
The precious metal at the service of high technology
Let’s start with the fact that artificial intelligence does not exist on its own. It requires powerful computing hardware to function. It includes processors, memory modules and other complex devices. And here precious metals play a significant role — in particular, gold.
Firstly, gold is an excellent conductor of electricity, so it is widely used for the production of microcircuits and electrical connectors. The presence of the noble metal in hardware allows artificial intelligence to quickly and accurately process gigantic amounts of data.
Photo caption: gold in computer chips.
Secondly, gold is a durable and corrosion-resistant metal. Thanks to this, AI electronic components can function successfully in any conditions without wearing out over a long period of time.
The widespread implementation of machine intelligence has led to a growing demand for high-performance computing (HPC) systems.They, for example, are used by the largest banks for deep market analytics and making forecasts. The processors used for HPC owe their efficiency, among other things, to gold.
Photo caption: supercomputers that use gold particles to operate.
Another area of application of artificial intelligence is the Internet of Things. This is a system in which things that people frequently use are equipped with devices for collecting information and are connected to the Internet. For example, a refrigerator can detect the lack of necessary food products and order them from an online store. This is another area of application of artificial intelligence and another area where precious metals play a significant role.
Fascinating prospects
In connection with the above, an obvious conclusion arises. Due to the growing interest in artificial intelligence and rapid progress in this industry, we can expect an increase in global demand for gold. And as a consequence — an increase in its price.
Demand for the precious metal in the technology sector jumped 10 percent in the first quarter of 2024, according to a report from the World Gold Council. Not least because the production of smart devices with applications using artificial intelligence has increased.
And this is just the beginning. Quantum computers promise a real revolution in the field of computing. Gold is already used in their work, but experts continue to explore additional ways to use the precious metal to improve the efficiency of quantum computing.
Photo caption: gold-plated quantum computer component.
No less interesting are neuromorphic computers, which imitate the neural networks of the human brain. And they also use gold particles in their work.
Thus, gold, valued for centuries for its beauty and sustainability, is taking on a new role in the age of digital technologies. It is becoming an integral part of the rapidly developing world of artificial intelligence, providing a reliable foundation for innovation and opening up new opportunities for humanity.
By the way, gold has been helping in scientific discoveries since ancient times. Read about it in the article: “Eureka”: how Archimedes made his famous discovery and what does gold have to do with it?
