New Delhi, Feb. 17 -- The adoption of artificial intelligence (AI) is accelerating as enterprises move beyond proof-of-concepts to full-scale deployments, according to ICICI Securities report.

Leading cloud service providers, or hyperscalers, are witnessing a strong demand for AI-driven solutions, prompting them to maintain high capital expenditure (capex) commitments.

Tech giants like Microsoft, AWS, and Google are making significant investments to expand their AI and cloud infrastructure.

AWS reported a capex of USD 26.3 billion in the December 2024 quarter and expects this level of spending to continue through 2025.

The company sees AI as a transformative force, with inference technology becoming a core element, much like computing...