AI Chipset Market Size Worth $59.2 Billion by 2025 CAGR: 33.6%: Grand View Research, Inc.

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The global artificial intelligence chipset market size is expected to reach USD 59.2 billion by 2025, according to a new report by Grand View Research, Inc. The artificial intelligence (AI) chipset market is anticipated to expand at a CAGR of 33.6% from 2019 to 2025. An Artificial Intelligence chipset is built on the concept of adding a dedicated component in an electronic device, to execute Machine Learning tasks. In addition, an increased amount of data has led to the need for high-speed processors and faster computing, which is addressed by incorporating Artificial Intelligence into the set of electronic components. For instance, Apple has implemented a neural engine in its A11 Bionic chip's GPU to speed-up the third-party applications.