Artificial Intelligence Market - Impact of $16 Billion by 2022 in Semiconductor Industry

Artificial intelligence (AI) can be understood as a science, engineering and deployment of machines, which perform tasks with intelligence as similar to humans. Since its inception 60 years ago, AI has observed significant growth in recent years. Initially, AI was considered as topic for academicians, though in recent years with development of various technologies, AI has turned into reality and is influencing many lives and businesses. Additionally, evolution of various other supplementary technologies such as cloud computing, machine learning and cognitive computing are collectively paving the growth of the market for AI. According to Mr. Sachin Garg - Associate Director at MarketsandMarkets who tracks the global semiconductor market, the global artificial intelligence chipset market is expected to be worth USD 16.06 Billion by 2022, growing at a CAGR of 62.9% between 2016 and 2022.