Deep learning to power AI growth in APAC

Spending on artificial intelligence in Asia Pacific is set to soar over the next five years as the demand for deep learning ramps up. By 2024, the APAC region is estimated to account for about 30 per cent of the global AI platform revenue at approximately U.S.$97.5 billion, according to research firm GlobalData. But that figure is expected to increase with businesses and the rising number of start-ups specialising in the technology and advancement in the space supporting higher computational capabilities. Sunil Kumar Verma, lead ICT analyst at GlobalData, said the APAC market is already deploying deep learning-based AI technology for offline automation, safety and security for businesses and assets. "In addition, AI hardware optimisation with increased computing speed on small devices will result in the cost reduction and drive deep learning adoption across the region," Verma said.