What is the Future and Driving Factors of Artificial Intelligence Chips?

Availability of massive amount of data, demand for superior customer service, efficient operations and better sales revenue are some of the key factors driving the growth of Artificial intelligence market. With the advancement in computing and storage technology, computing power has increased multi-fold during the last decade. This computing power has created new opportunities for managing and computing the big sets of data, and when coupled with artificial intelligence technology, it can deliver useful insights to the businesses.

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Major artificial intelligence applications for which AI chips are being used include Machine Learning (ML), Natural Language Processing (NLP), Expert Systems, Automated Speech Recognition, AI Planning, and Computer Vision. Machine Learning is a branch of artificial intelligence that enables machines to develop the ability of self-learning and adaption through experience without being explicitly programmed.

Artificial Intelligence Chips

The key companies operating in the field of artificial intelligence chip market that are profiled in the report include Advanced Micro Devices, Inc., Alphabet Inc. (Google), Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Micron Technology, Inc., NVIDIA Corporation, Qualcomm Incorporated, Samsung Electronics Co., Ltd, and Xilinx, Inc. Several other start-ups are emerging in the market such as Graphcore, Cambricon, Thinkforce, Barefoot Networks, Unisound, Horizon Robotics, WestWell Labs, and Brain Corp. among many others.

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