Dell CEO Predicts AI Accelerator Memory Demand Will Reach 625 Times 2023 Levels by 2028

Michael Dell, CEO of Dell Technologies, predicted in a recent interview at Bank of America that the total memory capacity required for AI accelerators will reach 625 times the 2023 level by 2028. This surge stems from two compounding factors: per-accelerator memory is expected to leap from 80GB on NVIDIA's H100 to 2TB (a 25x increase), while the total number of accelerators deployed is also projected to expand by 25 times. Michael Dell believes AI remains in the high-growth stage of the "S-curve," and that agentization will profoundly reshape enterprise operations. Leveraging long-established partnerships and a broad product portfolio, Dell is positioned to mitigate some supply chain pressure.