DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence Chipsets Market by Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), Hardware (Processor, Memory, Network), End-User Industry, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
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.
Following reports from earlier this month, today Xiaomi confirmed on Weibo that it will be announcing its very own mobile chipset, named after its subsidiary "Pinecone," in Beijing on February 28th. Little else is mentioned, but rumors going as far back as October are pointing to a Mi 5c aka "Meri" as the first device to carry this chip. Multiple Geekbench results suggest that the phone features an octa-core processor, 3GB of RAM and runs on Android 7.1.1 According to Chinese semiconductor expert Laoyao, Pinecone Electronics is a joint venture set up by Xiaomi and chipset maker Leadcore back in November 2014, with Xiaomi owning 51 percent of the shares. In other words, this project has been under way for over two years.
The artificial intelligence chipset market has a huge potential across various industry verticals such … Tweet According to the latest market research report titled Artificial Intelligence (AI) Chipset market, the overall artificial intelligence chipset market is expected to be worth USD 16.06billion by 2022, growing at a CAGR of 62.9% from 2016 to 2022. The artificial intelligence chipset market has a huge potential across various industry verticals such as retail, transportation and automation, manufacturing, BFSI, and agriculture, among others. The major factor driving the artificial intelligence market globally is the growing number of applications of AI technologies in various end-user verticals and the growing adoption of AI for the improvement of consumer services. The growth of the artificial intelligence market is also driven by the development of IT infrastructure and the penetration of Smartphone's and smart wearable in countries such as India and China. Artificial Intelligence products market expected to hold the largest market share from 2016 to 2022 The AI market by products is expected to hold largest market share from 2016 to 2022.