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Generative artificial intelligence has evolved from a niche concept to a vital tool across various sectors, including healthcare, agriculture, and automotive industries. The global AI market is projected to grow at a remarkable compound annual growth rate of 36.6%, reaching $1.81 trillion by 2030. This growth is driven by breakthroughs in artificial neural networks (ANN) and increasing adoption across industries.
The competition between the US and China in AI technology has intensified, with Chinese firms like DeepSeek emerging as significant players. China's commitment to developing open-source chip design architectures aims to reduce reliance on US technologies, while the US shifts towards a more competitive stance. This geopolitical rivalry highlights the importance of AI as a key driver of the next industrial revolution.
• Global AI market expected to reach $1.81 trillion by 2030.
• US-China rivalry intensifies in the race for AI dominance.
Generative AI refers to algorithms that can create new content, transforming various industries.
ANNs are computing systems inspired by biological neural networks, enhancing AI applications across sectors.
Open-source chip design allows for collaborative development of semiconductor technologies, reducing dependency on dominant players.
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