Generative AI Market Set for Meteoric Rise, Expected to Reach $266 Billion by 2032
VANCOUVER, BC, May 6, 2024 /PRNewswire/ -- USA News Group – Despite a lack of consensus among thousands of experts on the development of artificial intelligence (AI) as it permeates the global economy, one thing is certain, AI is here to stay. According to analysts at Fintech Futures, the Generative AI Market expected to reach a revenue of US$266 billion by 2032, growing at an explosive CAGR of 37.8%. Behind the scenes of this AI-revolution, several tech companies are jockeying for position and adding new propositions for their clients, including developments from Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), Cisco Systems, Inc. (NASDAQ: CSCO), Mobileye Global Inc. (NASDAQ: MBLY), Samsara Inc. (NYSE: IOT), and Veritone, Inc. (NASDAQ: VERI).
- According to analysts at Fintech Futures, the Generative AI Market expected to reach a revenue of US$266 billion by 2032 , growing at an explosive CAGR of 37.8%.
- The platform's intuitive web interface allows businesses of any size to easily start and create tailored solutions.
- Quest Waste Management recently selected Samsara Inc. (NYSE: IOT) to provide its industry-leading AI dash cams to improve fleet safety.
- The suite utilizes the aiWARE enterprise AI platform to deliver comprehensive capabilities in media monitoring, content discovery, ad verification, and analytics.