Fujifilm to boost tape production 5x as AI fuels archiving demand
Summary
Fujifilm plans to multiply its magnetic tape production capacity five times through a substantial financial investment. The company stated that the expansion is driven by a massive increase in worldwide data archiving needs caused by generative artificial intelligence.
In an announcement released Thursday, Fujifilm said it will invest roughly 10 billion yen (about $63 million) to increase its production capacity fivefold for an unlikely beneficiary of the AI era: magnetic tape. Fujifilm attributes the surge in archiving demand to the spread of generative AI, which the company remarked is producing "exponential growth" in data needs worldwide. The 5x…
Source: Read the full story at Ars Technica - All content
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.