Price- USD 1550, According to Statifacts, The global artificial intelligence (AI) market size is calculated at USD 638.32 billion in 2024 and is predicted to reach around USD 3,696.59 billion by 2034, expanding at a CAGR of 19.2% from 2024 to 2034. The continuous research and innovation directed by tech giants are driving the adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing.
For instance, in December 2023, Google LLC launched ‘Gemini,’ a large language AI model, made available in three sizes, namely, Gemini Nano, Gemini Pro, and Gemini Ultra. Gemini stands out from its competitors due to its native multimodal characteristic.
๐๐ข๐๐ฐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ญ๐๐ฌ๐๐ญ@ https://www.statifacts.com/outlook/artificial-intelligence-market
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
AI has proven to be a significant revolutionary element of the upcoming digital era. Tech giants like Amazon.com, Inc.; Google LLC; Apple Inc.; Facebook; International Business Machines Corporation; and Microsoft are investing significantly in research and development (R&D) of AI, thus increasing the artificial intelligence market cap. These companies are working to make AI more accessible for enterprise use cases. Moreover, various companies adopt AI technology to provide a better customer experience and improve their presence in the artificial intelligence industry 4.0.
๐๐จ๐ฅ๐ ๐จ๐ ๐๐๐ญ๐ ๐๐๐๐๐ฌ๐ฌ๐ข๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐ข๐ง ๐๐ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ
The essential factor accelerating the rate of innovation in AI is accessibility to historical datasets. Since data storage and recovery have become more economical, healthcare institutions and government agencies are building unstructured data accessible to the research domain. Researchers are gaining access to rich datasets, from historic rain trends to clinical imaging. The next-generation computing architectures, with access to rich datasets, are encouraging information scientists and researchers to innovate faster.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ฏ๐ข๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค@ https://www.statifacts.com/download-product/7728
๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐๐๐ฉ ๐๐๐๐ซ๐ง๐ข๐ง๐ ๐๐ง๐ ๐๐๐ฎ๐ซ๐๐ฅ ๐๐๐ญ๐ฐ๐จ๐ซ๐ค๐ฌ
Progress in deep learning and Artificial Neural Networks (ANN) has also fueled the adoption of AI in several industries, such as aerospace, healthcare, manufacturing, and automotive. ANN works in recognizing similar patterns and helps in providing modified solutions. Tech companies like Google Maps have been adopting ANN to improve their route and work on feedback received using ANN. ANN is substituting conventional machine learning systems to evolve precise and accurate versions.
๐๐ฆ๐๐ซ๐ ๐ข๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ
Recent advancements in computer vision technology, such as Generative Adversarial Networks (GAN) and Single Shot MultiBox Detector (SSD), have led to digital image processing techniques. For instance, images and videos taken in low light or low resolution can be transformed into HD quality by employing these techniques. Continuous research in computer vision has built the foundation for digital image processing in security & surveillance, healthcare, and transportation, among other sectors. Such emerging methods in machine learning are anticipated to alter the manner AI versions are trained and deployed.
๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐๐๐๐๐-๐๐ ๐จ๐ง ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
The COVID-19 outbreak stimulated market growth of next-generation tech domains, including artificial intelligence, owing to mandated work-from-home (WFH) policies due to the pandemic. For instance, LogMeIn, Inc., a U.S.-based company that provides Software-as-a-Service (SaaS) and cloud-based customer engagement and remote connectivity & collaboration services, experienced a significant increase in new sign-ups across its product portfolios amid the pandemic.
๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐จ๐ ๐๐ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ ๐๐ง๐ ๐๐๐ซ๐ฏ๐ข๐๐๐ฌ
Tech companies are expanding their product offerings and services to widen availability across the globe. For instance, in July 2022, Clarifai announced the launch of its ‘Clarifai Community’ free service for enabling everyone to share, create, and use The World’s AI. Moreover, it also announced the development of the ‘AI Lake’ product category, which collects and centralizes every AI resource of an enterprise and offers tools for sharing across the enterprise.
๐๐๐๐๐ง๐ญ ๐๐จ๐ฅ๐ฅ๐๐๐จ๐ซ๐๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐๐ ๐๐๐ซ๐ค๐๐ญ
In August 2023, HCLTech announced a collaboration with Amazon Web Services (AWS) to push the adoption of generative Artificial Intelligence (GenAI) at the company and by enterprises globally. The collaboration aims to empower enterprises to leverage the power of AWS’ advanced GenAI portfolio which includes Amazon CodeWhisperer, Amazon Bedrock, Amazon Titan, AWS Trainium, and AWS Inferentia.
In September 2023, Amazon and Anthropic announced a strategic collaboration that will bring together their respective industry-leading technology and expertise in safer generative artificial intelligence (AI) to accelerate the development of Anthropic’s future foundation models and make them widely accessible to AWS customers.
In August 2023, IBM expanded its collaboration with Microsoft to help joint clients accelerate the deployment of generative AI and deliver a new offering that will provide clients with the expertise and technology they need to innovate their business processes and scale generative AI effectively.
๐๐๐๐๐ง๐ญ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐๐ฎ๐ง๐๐ก๐๐ฌ ๐ข๐ง ๐๐ ๐๐๐ซ๐ค๐๐ญ
In May 2021, IBM Corporation introduced advances in artificial intelligence (AI), hybrid cloud, and quantum computing at the company. The innovation helps its clients and partners to accelerate their digital transformations, return to work smarter, and build strategic ecosystems that can drive better business outcomes.
In March 2023, Google launched Bard, an AI chatbot designed to compete with OpenAI’s ChatGPT and Microsoft’s chatbot in their Bing search engine.
In May 2021, Google LLC introduced Vertex AI, a managed machine learning (ML) platform that allows companies to accelerate the deployment and maintenance of artificial intelligence (AI) models. Vertex AI requires nearly 80% fewer lines of code to train a model versus competitive platforms, enabling data scientists and ML engineers across all levels of expertise the ability to implement Machine Learning Operations (MLOps) to efficiently build and manage ML projects throughout the entire development lifecycle.
๐๐ซ๐ญ๐ข๐๐ข๐๐ข๐๐ฅ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ (๐๐) ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ:
Intel Corporation
Microsoft
IBM
Google
Amazon Web Services
Baidu, Inc.
NVIDIA Corporation
H2O.ai.
Lifegraph
Sensely, Inc.
Enlitic, Inc.
AiCure
HyperVerge, Inc.
Arm Limited
Clarifai, Inc.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
๐๐ฉ๐ญ๐ข๐๐๐ฅ ๐๐๐ญ๐ฐ๐จ๐ซ๐ค๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: https://www.statifacts.com/outlook/optical-networking-market
๐ข๐ป-๐๐ต๐ฒ๐น๐ณ ๐๐๐ฎ๐ถ๐น๐ฎ๐ฏ๐ถ๐น๐ถ๐๐ ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐: https://www.statifacts.com/outlook/on-shelf-availability-solution-market
๐ ๐ถ๐ฐ๐ฟ๐ผ๐ฏ๐ถ๐ฎ๐น ๐๐ผ๐ผ๐ฑ ๐๐๐น๐๐๐ฟ๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐: https://www.statifacts.com/outlook/microbial-food-culture-market
๐๐ป๐๐ฒ๐น๐น๐ถ๐ด๐ฒ๐ป๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ผ๐ฟ๐ ๐ฆ๐๐๐๐ฒ๐บ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐: https://www.statifacts.com/outlook/intelligent-transport-system-market
๐๐ผ๐ผ๐ฑ ๐๐ถ๐ป๐ฒ๐ฟ ๐ฃ๐ฎ๐ฝ๐ฒ๐ฟ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐: https://www.statifacts.com/outlook/food-liner-paper-market
Statifacts offers subscription services for data and analytics insights. This page provides options to explore and purchase a subscription tailored to your needs, granting access to valuable statistical resources and tools. Access here – https://www.statifacts.com/get-a-subscription
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐๐ญ๐๐๐จ๐จ๐ค@ https://www.statifacts.com/order-report/7728
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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sales@statifacts.com
Statifacts offers subscription services for data and analytics insights. This page provides options to explore and purchase a subscription tailored to your needs, granting access to valuable statistical resources and tools. Access here – https://www.statifacts.com/get-a-subscription
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐๐ญ๐๐๐จ๐จ๐ค@ https://www.statifacts.com/order-report/7728
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