⚡️AI Market Could Reach Almost $1 Trillion In Three Years
⏺Generative AI is a major driver of the current wave of change, and experts estimate that the market for AI products and services could reach between $780 billion and $990 billion by 2027.
⏺The overall AI-related hardware and software market is expected to grow 40% to 55% annually for at least the next three years. Fluctuations in supply and demand will create volatility along the way, but the long-term, sustainable trajectory looks set to continue.
⏺The rapid development of AI will continue to transform the technology sector. That being said, larger models will continue to push boundaries, while smaller models will create new, more focused capabilities in specific verticals and domains.
⏺Experts believe AI workload demands will also drive innovation in storage, compute, memory and data centers. And as the market becomes more competitive and complex, companies will need to adapt quickly to capture their share of the potential trillion-dollar market.
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⏺Generative AI is a major driver of the current wave of change, and experts estimate that the market for AI products and services could reach between $780 billion and $990 billion by 2027.
⏺The overall AI-related hardware and software market is expected to grow 40% to 55% annually for at least the next three years. Fluctuations in supply and demand will create volatility along the way, but the long-term, sustainable trajectory looks set to continue.
⏺The rapid development of AI will continue to transform the technology sector. That being said, larger models will continue to push boundaries, while smaller models will create new, more focused capabilities in specific verticals and domains.
⏺Experts believe AI workload demands will also drive innovation in storage, compute, memory and data centers. And as the market becomes more competitive and complex, companies will need to adapt quickly to capture their share of the potential trillion-dollar market.
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