AI chip market to reach $53.4 billion in 2023

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The global AI chip market is expected to grow rapidly in the next few years, reaching a value of $53.4 billion in 2023 according to a Gartner forecast.

This growth is being driven by the increasing use of AI in a wide range of applications, including data centers, edge infrastructure, and endpoint devices.

The development of generative AI is also playing a role in the growth of the AI chip market. Generative AI is a type of AI that can create new data or content, such as images, text, and music. This is driving demand for high-performance computing systems that can be used to develop and deploy generative AI applications.

In addition, the need for efficient and optimized designs to support cost-effective execution of AI-based workloads is also contributing to the growth of the AI chip market. This is leading to an increase in the deployment of custom-designed AI chips.

The growth of the AI chip market is creating opportunities for a number of companies. Chipmakers such as NVIDIA, Intel, and AMD are all investing heavily in the development of AI chips. In addition, a number of startups are also developing AI chips that are specifically designed for specific applications.

“The developments in generative AI and the increasing use of a wide range AI-based applications in data centers, edge infrastructure and endpoint devices require the deployment of high performance graphics processing units (GPUs) and optimized semiconductor devices. This is driving the production and deployment of AI chips,” said Alan Priestley, VP Analyst at Gartner.

The sources for this piece include an article in DataCenterKnowledge.

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