AI in Asia-Pacific is Estimated to Touch US$43.7 Billion by 2023

The market of AI in Asia-Pacific is estimated to grow from US$18.7 billion in 2018 to US$43.7 billion in 2023 at a CAGR of 13.0% during the forecast period. The AI market is mainly driven by technological advancements in countries like China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. Artificial intelligence (AI) focuses on simulating human intelligence for building smart machines capable of performing tasks that require human intelligence. It has the potential of planning, learning, recognizing human-like speech, and solving problems based on past experiences. It includes hardware components such as chipsets with high computing capabilities.