New opportunities of hardware and application by generative AI: Seizing the US$1.5 trillion market

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New opportunities of hardware and application by generative AI: Seizing the US$1.5 trillion market

Generative AI, propelled by the launch of ChatGPT in 2022, is transforming various industries. DIGITIMES Research anticipates a market growth to $400 billion by 2024 and $1.5 trillion by 2030, largely fueled by advancements in hardware. The report explores the evolving hardware landscape, identifying trends and strategies that present new opportunities in this burgeoning field.

The historical context of AI research highlights significant milestones, including IBM's Deep Blue and OpenAI's ChatGPT. As generative AI continues to evolve, its applications are expected to revolutionize sectors like healthcare, education, and manufacturing. The report emphasizes the critical role of major players such as Amazon, Google, and NVIDIA in driving this growth, particularly through AI hardware innovations.

• Generative AI market projected to reach $1.5 trillion by 2030.

• ChatGPT's launch marked a significant milestone in AI development.

Key AI Terms Mentioned in this Article

Generative AI

The report discusses how generative AI is reshaping industries and creating new market opportunities.

AI Hardware

The growth of the generative AI market is primarily driven by advancements in AI hardware.

Natural Language Processing

The capabilities of ChatGPT in understanding and generating natural language are highlighted as a key advancement.

Companies Mentioned in this Article

Amazon

Amazon is predicted to lead the generative AI market growth through its cloud services and AI innovations.

OpenAI

OpenAI's contributions are pivotal in the generative AI landscape, influencing its rapid adoption across various sectors.

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