Artificial Intelligence (AI) Chipset Market – Overview:
The engineering and deployment of machines to make them to perform tasks with intelligence similar to human intelligence is referred as artificial intelligence (AI). AI has witnessed significant growth in recent years due the innovations and developments of big players like IBM, Amazon, and Apple into artificial intelligence (AI). Additionally, the evolution of various other supplementary technologies such as cloud computing, machine learning, and cognitive computing is collectively increasing the growth of the market for AI.
Artificial Intelligence (AI) chipset is expected grow due to the amalgamation of various technologies such as digital personal assistance, deep learning, natural language processing, and context-aware processing to develop an AI-featured product. In the coming years, AI is expected to have a crucial impact on multiple end-user applications such as driverless cars, healthcare diagnostics, and physical assistance in elder care.
The major growth driver for the Artificial Intelligence Chipset market is the algorithms like deep learning and its hierarchical pattern recognition acts as a major force driving the adoption of AI. Software such as RStudio and Sentient, were the first to adopt Artificial Intelligence Chipset. Adoption of AI in hardware is most significant factor boosting market growth. For example Qualcomm’s new neural processing unit (NPU), Nvidia’s deep learning chip, and IBM’s TrueNorth neuromorphic computing platform, more chips are being developed to enable faster and more powerful AI.
Major Key Players
Huawei Technologies Co. Ltd (China), Qualcomm, Inc (U.S.), FinGenius Ltd. (U.K.), General Vision, Inc. (U.S.), NVIDIA Corporation (U.S.), Intel Corporation (U.S.), MediaTek Inc (Taiwan), Samsung Electronics Co., Ltd (South Korea), Advanced Micro Devices (U.S.), Apple Inc (U.S.), Numenta, Inc. (U.S.), Sentient Technologies (U.S.), Inbenta Technologies, Inc. (U.S.), Cerebras Systems (U.S.), Microsoft Corporation (U.S.), Google Inc (U.S.), IBM Corporation (U.S.) are some of the prominent players at the forefront of competition in the Global Artificial Intelligence Chipset Market and are profiled in MRFR Analysis.
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Feb 2018 – ARM, the British chip designer, is the latest firm to prime the AI pump with specialized hardware, unveiling two new processor design which would deliver transformational amount of compute capability for companies building machine learning-powered gadgets. The designs are for the ARM Machine Learning (ML) Processor, which will speed up general AI applications from machine translation to facial recognition; and the ARM Object Detection (OD) Processor, a second-generation design optimized for processing visual data and detecting people and objects.
Nov 2017 – China’s government has issued a new strategy which aims to draw level with the US in artificial intelligence technology within three years, and become the world leader by 2030.
Jul.18.17– MasterCard Acquires Brighterion For AI Technologies. Brighterion has developed an AI- and machine learning-based suite of technologies that would assist MasterCard in preventing any type of fraud. The deal is a continuation of MasterCard’s focus on acquiring risk-quantifying and predictive technologies in response to greater financial security threats.
Artificial Intelligence Chipset Global Market – Competitive Analysis
The Market of Artificial Intelligence Chipset appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms. The companies like Tesla, Apple and IBM are innovating to install artificial intelligence enabled chipsets in automobiles, smartphones and medical equipment.
Artificial Intelligence Chipset Global Market – Regional Analysis
Asia Pacific region is expected to grow rapidly mainly due to the higher presence of smartphone manufacturers and semiconductor industry. Countries like China, Taiwan, and South Korea have high presence of smartphone manufacturers and other semiconductor manufacturers. North America would dominate the artificial intelligence market owing to the increasing adoption of AI technology in various end-user industries, such as healthcare, manufacturing, automotive, agriculture, retail, marketing, law, and fintech, and strong presence of industry giants and emerging AI companies in this region.
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