Analysts: by 2032, the volume of the generative AI market will reach $1.3 trillion
Artificial intelligence is one of the most discussed topics in recent months. Bloomberg Intelligence estimated that against the background of such interest, the generative AI market will grow more than 32 times in ten years.
Analysts predict that in the period from 2022 to 2032, the average annual growth rate of the market will be 42%. If in 2022 the market earned “only” $40 billion, then in 2023 its volume should reach $67 billion, and in 2032 it will exceed $1.3 trillion altogether.
The key driver of growth, according to Bloomberg Intelligence, will first be the demand for infrastructure for training neural networks. Then a variety of AI-based technologies and services will also become very popular, including the creation of advertising using AI.
According to analysts, Amazon, Microsoft, Google and NVIDIA will earn the most from the boom around AI.
