According to the latest report by Bloomberg industry research analyst Mandeep Singh, the artificial intelligence market size will reach $1.3 trillion by 2032, while the compound annual growth rate may reach about 42%. This prediction is driven by the release of consumer-centric AI systems like OpenAI Inc.'s ChatGPT and Google's Bard.
The field of artificial intelligence has been booming for a decade and is expected to continue to grow in the future. The main drivers of this growth are training infrastructure and large language model inferences, advertising, and other services. This will be a huge business opportunity for businesses such as Amazon, Alphabet, Nvidia and Microsoft. These companies have invested billions of dollars and could be the biggest winners of the AI boom in the future.
The pace of development of artificial intelligence is not only in the consumer market, but also in the industrial market. For example, robots and driverless technology are now important applications of artificial intelligence technology. In the future, with the development of artificial intelligence technology, we expect to see more application scenarios emerge.
While the growth of the AI market may lead to business opportunities, it may also raise some issues, such as the possibility of rising unemployment as many traditional jobs will be automated. Therefore, while developing AI technology, governments and businesses need to consider how to balance economic growth and social justice.
The growth of the AI market will be an important trend in the next 10 years. While these technologies may pose some problems, they will help drive our society and economy.