Applications employing artificial intelligence (AI) are increasingly becoming part of our everyday life. AI already influences how we communicate, work, manufacture, learn, research or even consume online services. However, many AI applications rely on substantial computational resources and require demanding storage capacity to process large data volumes. Prime examples are internet application such as the Internet of Things and broadband services such as HD video on demand or social media.

Modern digital electronic technologies are struggling to satisfy this computational challenge and rapidly approach their physical limits.