JERSEY CITY, NJ, October 11, 2021 / PRNewswire / – Verified Market Research recently published a report, “Artificial Intelligence Chips MarketâBy end user (healthcare, manufacturing, automotive, retail), by technology (machine learning, predictive analytics, natural language processing) and by geography. artificial intelligence was rated at $ 7.37 billion in 2020 and should reach $ 109.83 billion by 2028, with a CAGR of 40.17% from 2021 to 2028.
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126 – Tables
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Global Artificial Intelligence Chip Market Overview
The AI ââinvestment landscape saw another year of solid growth in 2019, with the United States leading the way, hitting a record high US $ 22.7 billion. Despite many headwinds and realignments of interests and priorities that can lead to uncertainty, the market has not suffered from fatigue. Companies are getting used to the value of AI more and more. Not only are companies actively adopting automation to automate repetitive processes, ensure compliance, and improve customer experience, they are also partnering with machine learning platforms and acquiring startups and AI talent to create data pipelines, build proprietary AI models and manage their machine learning. development and operation lifecycle.
Different key players have innovated to develop a dedicated platform; for example, Mythic’s platform has the advantage of processing digital / analog calculations in memory, which improves performance, accuracy and durability. In addition, the increasing need to integrate video surveillance and AI and the increase in government spending on cybersecurity solutions integrated with real-time analytics and AI are expected to drive the growth of the chip. ‘artificial intelligence. Hence, increased investment in AI startups is boosting the global growth of the AI ââchip market.
However, the prices of AI chips are relatively higher and the shortage of skilled labor knowing AI-based systems, especially in developing economies. These could negatively impact the growth of the global AI chips market.
Key developments in Artificial Intelligence Chips Market
- In August 2020, Kneron, a leading provider of advanced full-stack AI solutions, has launched its advanced AI chipset – “Kneron KL 720 SoC”. The goal is to deliver a complete and cost-effective AI chipset suite for devices around the world.
- In May 2020, Nvidia Corporation, a global company that manufactures graphics processors, mobile technologies and desktop computers, has extended its EGX Edge AI platform by launching the new EGX Jetson Xavier NX and EGX A100. The goal is to deliver secure, high-performance AI processing at the edge.
- In September 2019, Alibaba Group Holding Limited launched an AI-based chipset – “Hanguang 800” which offers advanced computing capabilities in the cloud. This chip can speed up machine learning tasks and improve customer experience.
- In September 2019, Apple Inc. has built its A11, A12 and A13 bionic chips for high performance processors which consist of main processors integrated into GPUs as accelerators.
The major players in the market are NVIDIA Corporation, Qualcomm Technologies Inc, Advanced Micro Devices Inc, Alphabet Inc., Intel Corporation, Apple Inc., Mythic Ltd., Baidu, Samsung Electronics Co. Ltd. and MediaTek Inc.
Verified market research segmented the global artificial intelligence chips market on the basis of end user, technology, and geography.
- Artificial Intelligence Chips Market, By End User
- Health care
- Cyber ââsecurity
- Artificial Intelligence Chips Market, By Technology
- Machine learning
- Predictive analytics
- Natural language processing
- Artificial Intelligence Chips Market By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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