Foxconn expects AI to account for 40% of total cloud computing revenue in 2024

Hon Hai Group Chairman Cheng Hung-meng predicts that by 2024, artificial intelligence (AI) will contribute 40% of total cloud computing revenue, and AI servers will account for 40% of the global market share. To achieve this goal, Hon Hai will jointly launch a new generation of generative servers with customers and already has visibility of new product orders.