The Global Artificial Intelligence Market size was valued at USD 40.01 billion in 2020 and is expected to grow at a CAGR of 42.2% from 2020 to 2027.
AI market includes the rise in the adoption of cloud-based applications and services and the growth of big data across the globe. The advanced AI technology is continuously enhancing the performance of economies, businesses and different industries.
Worldwide revenues for the Artificial Intelligence (AI) market, including software, hardware, and services, are expected to total $156.6 billion in 2020.
Major Players in the Artificial Intelligence Market includes Alphabet, Hanson Robotics, IBM, Amazon, Xilinx, Blue Frog Robotics, Promobot, Intel, Kuka, Fanuc, Softbank, ABB, Microsoft, Harman International Industries, and Nvidia.
Google started on Feb 2020 six Artificial Intelligence (AI) based research projects in India that would focus on addressing social, humanitarian and environmental challenges in sectors like healthcare, education, disaster prevention and conversation. Google Research India will provide each team with funding and computational resources in addition to supporting the efforts with expertise in computer vision, natural language processing, and other deep learning techniques.
Jan 2020- Alphabet, which owns Google, has had to grapple with its role in the development of AI, including managing employee revolts against its work on the technology for the U.S. government. In 2018, a group of influential software engineers successfully delayed the development of a security feature that would’ve helped the company win military contracts. Google has issued a set of AI principles that prohibit weapons work, but doesn’t rule out selling to the military. It has also pledged not to renew its Project Maven contract, which involves using artificial intelligence to analyze drone footage.
Hanson Robotics and CereProc May 2020 have continued to enhance Sophia’s voice capabilities and advance synthetic speech technology. This new technology allows a human speaker to use their own voice to finely control any synthetic voice. This will be attractive to a variety of industries including applications in healthcare, customer service agents, social robotics, filmmakers, game developers, and immersive training companies
Nov 2020- USC researchers have designed a system that lets robots autonomously learn complicated tasks from a very small number of demonstrations -- even imperfect ones The researchers' system works by evaluating the quality of each demonstration, so it learns from the mistakes it sees, as well as the successes. While current state-of-art methods need at least 100 demonstrations to nail a specific task, this new method allows robots to learn from only a handful of demonstrations. It also allows robots to learn more intuitively, the way humans learn from each other
The artificial Intelligence market gas segmented into, By Technology, by application and by region. By technology it has been Machine Learning, Natural Language Processing, Context-Aware Computing and Computer Vision. By application it has Healthcare, Manufacturing, Automotive, Agriculture, Retail, Security, Human Resources, Marketing, Law, Fintech, Construction, etc. By region it splits into North America, Europe, ASPAC and Middle East &Africa. Among these Asia-Pacific is anticipated to lead the market during the forecast period owing to the rising adoption of deep learning and natural language processing technologies in several industries including finance, agriculture, marketing and law across China, Japan and Australia. With the growing e-commerce and increasing internet penetration, the key players of the marketing industry are adopting AI-based solutions for marketing on different platforms in order to capture the changing demand of the consumer base.
For more information contact @