The AI Accelerator Chips Market was valued at 15.1 billion in 2022 and is expected to grow at a steady rate of around 37.4% in the forecasted period (2023-2030) owing to increasing demand for AI applications in various industries such as technology, healthcare, finance, retail, and more. AI accelerator chips are specialized microprocessors designed specifically for speeding up complex artificial intelligence computations like deep learning neural networks (DNNs), which require massive amounts of data processing power along with low latency requirements so they can perform real-time tasks efficiently without any lag issues whatsoever.
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The market for AI accelerator chips has been growing rapidly in recent years due to the increasing demand for AI applications in various industries such as technology, healthcare, finance, retail, and more. Moreover, continuous research & development initiatives by companies worldwide exploring new technologies related fields like neuromorphic computing based on quantum mechanics principles aiming even greater efficiency gains than traditional methods used nowadays. Also, rapidly increasing investment in AI startups and funding for AI-related projects, leading to an increase in demand for AI accelerators. For instance, on 30 November 2023, Microsoft announced a plan to pump £2.5 billion ($3.2 billion) into Britain over the next three years, which will underpin future growth in artificial intelligence.
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Some of the recent developments are:
Ø In November 2022, IBM Research AI Hardware Center developed the Artificial Intelligence Unit (AIU), which is an application-specific integrated circuit (ASIC) designed to train and run deep learning models.
Ø In January 2024, NVIDIA unveiled new AI PC chips, including three new desktop graphics chips with additional components to enhance AI capabilities for gamers, designers, and other computer users.
Conclusion
The AI Accelerator Chips market is expected to experience robust growth in the coming years due to increasing demand for AI applications and advancements in technology. According to the UnivDatos Market Insights, “AI Accelerator Chips Market” report, the global market was valued at USD 15.1 billion in 2022, growing at a CAGR of 37.4% during the forecast period from 2023 – 2030 to reach USD billion by 2030.
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