General Discussion, page-1631

Excerpt from * today. AI will drive demand for gold: Metals Focus report
"Interestingly, according to a new report from independent global precious metals research group Metals Focus, the tech boom surrounding artificial intelligence (AI) “should” help support industrial demand for gold and other precious metals in 2024............

But the tech demand looks like it’s set to increase in coming years with the increase of generative AI and conversational AI applications, such as Chat GPT, for instance. How so? AI boom takes precious metals along for the ride “Expected upside from several applications that are gradually maturing should help support the recovery in industrial offtake [of precious metals] next year,”Metals Focus notes.
The thesis there is that a boom in demand for AI applications creates a boom in demand for the chips and components that help power the tech – a boon for manufacturers such as Nvidia, but also for precious metals producers. “At present, among the various emerging applications there is little that is capturing more spotlight than artificial intelligence (AI)…Generative AI is expected to make inroads in a growing number of fields, particularly in 2024, wrote the precious metals consultancy.