Variational autoencoder

Generative Artificial Intelligence (AI) Market growth is driven by the increasing demand for AI-generated content - Technavio

Retrieved on: 
Friday, November 17, 2023

GenAI emerges as a crucial technology in the market and is driven by the increasing demand for AI-generated content, increasing adoption of generative AI in various industries, and the emergence of fully autonomous generative AI solutions.

Key Points: 
  • GenAI emerges as a crucial technology in the market and is driven by the increasing demand for AI-generated content, increasing adoption of generative AI in various industries, and the emergence of fully autonomous generative AI solutions.
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    Technavio highlights the emerging trends of Generative AI Market:
    Large Language Models (LLM) Accelerating GenAI Market Growth: The deployment of large language models (LLM) is a significant factor driving the growth of the generative artificial intelligence market.
  • Global Growth Due to LLM Deployment: The global generative artificial intelligence market has experienced substantial growth thanks to the widespread use of LLM.
  • Expected Boost in GenAI Market Growth: Applications like these are projected to fuel the growth of the global generative AI market in the forecasted period.

Artificial Intelligence (AI) Text Generator Market size to grow by USD 582.34 million between 2022 to 2027 | The growing popularity of AI text generators for e-learning drives market - Technavio

Retrieved on: 
Monday, September 4, 2023

As speech-to-text technology gains traction and industry players innovate strategically, it's crucial to address challenges related to data privacy and security.

Key Points: 
  • As speech-to-text technology gains traction and industry players innovate strategically, it's crucial to address challenges related to data privacy and security.
  • Despite these obstacles, the market's trajectory remains promising, with AI text generators playing a significant role in enhancing education accessibility, refining content quality, and facilitating cross-cultural communication.
  • Speech to Text API Market: The speech-to-text API market size is estimated to grow at a CAGR of 19% between 2022 and 2027.
  • Generative Artificial Intelligence (AI) Market: The Generative AI Market size is estimated to grow at a CAGR of 32.65% between 2022 and 2027.

Generative AI Market Size to Grow USD 126.5 Billion by 2031 at a CAGR of 32% | Valuates Reports

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Thursday, June 8, 2023

The global Generative AI Market size was valued at USD 8.2 Billion in 2021 and is projected to reach USD 126.5 Billion by 2031, growing at a CAGR of 32% from 2022 to 2031.

Key Points: 
  • The global Generative AI Market size was valued at USD 8.2 Billion in 2021 and is projected to reach USD 126.5 Billion by 2031, growing at a CAGR of 32% from 2022 to 2031.
  • Major Factors Driving the Growth of the Generative AI Market:
    Certain tasks that would otherwise require human intervention can be automated and streamlined using generative AI.
  • Generative AI increases efficiency and helps organizations save time and money by automating these procedures.
  • This factor is expected to drive the growth of the Generative AI market.

Generative AI Market Size to Grow USD 126.5 Billion by 2031 at a CAGR of 32% | Valuates Reports

Retrieved on: 
Thursday, June 8, 2023

The global Generative AI Market size was valued at USD 8.2 Billion in 2021 and is projected to reach USD 126.5 Billion by 2031, growing at a CAGR of 32% from 2022 to 2031.

Key Points: 
  • The global Generative AI Market size was valued at USD 8.2 Billion in 2021 and is projected to reach USD 126.5 Billion by 2031, growing at a CAGR of 32% from 2022 to 2031.
  • Major Factors Driving the Growth of the Generative AI Market:
    Certain tasks that would otherwise require human intervention can be automated and streamlined using generative AI.
  • Generative AI increases efficiency and helps organizations save time and money by automating these procedures.
  • This factor is expected to drive the growth of the Generative AI market.

Generative AI Market to Reach $126.5 Billion, Globally, by 2031 at 32% CAGR: Allied Market Research

Retrieved on: 
Friday, March 10, 2023

PORTLAND, Ore., March 10, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Generative AI Market by Component (Software, Services), by Technology (Generative Adversarial Networks (GANs), Transformer, Variational Autoencoder (VAE), Diffusion Networks), by End User (Media and Entertainment, BFSI, IT and Telecom, Healthcare, Automotive and Transportation, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031"According to the report, the global generative AI industry was valued at $8.15 billion in 2021 and is estimated to generate $126.5 billion by 2031, witnessing a CAGR of 32% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Key Points: 
  • However, generative AI has security issues as some models can be used fraudulently, leading to increased identity theft and high implementation cost.
  • The outbreak of the COVID-19 pandemic had a positive impact on the generative AI market.
  • This is owing to the surge in the use of generative AI to create realistic virtual & augmented reality experiences.
  • Also, many new companies in the region are being formed to develop & commercialize AI technology, including generative AI.

Generative AI Market to Reach $126.5 Billion, Globally, by 2031 at 32% CAGR: Allied Market Research

Retrieved on: 
Friday, March 10, 2023

PORTLAND, Ore., March 10, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Generative AI Market by Component (Software, Services), by Technology (Generative Adversarial Networks (GANs), Transformer, Variational Autoencoder (VAE), Diffusion Networks), by End User (Media and Entertainment, BFSI, IT and Telecom, Healthcare, Automotive and Transportation, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031"According to the report, the global generative AI industry was valued at $8.15 billion in 2021 and is estimated to generate $126.5 billion by 2031, witnessing a CAGR of 32% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Key Points: 
  • However, generative AI has security issues as some models can be used fraudulently, leading to increased identity theft and high implementation cost.
  • The outbreak of the COVID-19 pandemic had a positive impact on the generative AI market.
  • This is owing to the surge in the use of generative AI to create realistic virtual & augmented reality experiences.
  • Also, many new companies in the region are being formed to develop & commercialize AI technology, including generative AI.