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Transport And Storage Sector In Cyprus: A Positive Surge In 2024

by News Editor
March 6, 2025

The latest data from Cystat highlights a noteworthy 1.6% increase in the Transport and Storage Turnover Value Index for January through December 2024 compared to the previous year. This demonstrates the sector’s resilience and adaptability in Cyprus.

Breakdown Of Economic Activities

In the fourth quarter of 2024, the index achieved 142.4 points (base year 2021=100) with a notable 2.2% year-on-year growth. Several sub-sectors recorded impressive increases:

  • Water Transport: A remarkable rise of 38.6%.
  • Air Transport: Experienced a significant boost of 22.5%.
  • Postal and Courier Activities: Gained 10.8%.
  • Land Transport: Improved by 7.1%.
  • Warehousing and Support for Transportation: Edged up by 0.4%.

To understand the broader economic effect, it’s interesting to compare these trends against Cyprus’ overall economic landscape. For instance, 2024 was also a groundbreaking year for the island’s tourism sector, boasting a €3.2 billion revenue intake.

This growth across different transportation sectors reflects Cyprus’ strategic positioning and its burgeoning economic potential in the European landscape.

The AI Agent Revolution: Can the Industry Handle the Compute Surge?

by THEFUTURE.TEAM
March 28, 2025

As AI agents evolve from simple chatbots into complex, autonomous assistants, the tech industry faces a new challenge: Is there enough computing power to support them? With AI agents poised to become integral in various industries, computational demands are rising rapidly.

A recent Barclays report forecasts that the AI industry can support between 1.5 billion and 22 billion AI agents, potentially revolutionizing white-collar work. However, the increase in AI’s capabilities comes at a cost. AI agents, unlike chatbots, generate significantly more tokens—up to 25 times more per query—requiring far greater computing power.

Tokens, the fundamental units of generative AI, represent fragmented parts of language to simplify processing. This increase in token generation is linked to reasoning models, like OpenAI’s o1 and DeepSeek’s R1, which break tasks into smaller, manageable chunks. As AI agents process more complex tasks, the tokens multiply, driving up the demand for AI chips and computational capacity.

Barclays analysts caution that while the current infrastructure can handle a significant volume of agents, the rise of these “super agents” might outpace available resources, requiring additional chips and servers to meet demand. OpenAI’s ChatGPT Pro, for example, generates around 9.4 million tokens annually per subscriber, highlighting just how computationally expensive these reasoning models can be.

In essence, the tech industry is at a critical juncture. While AI agents show immense potential, their expansion could strain the limits of current computing infrastructure. The question is, can the industry keep up with the demand?

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