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The increasing demand for AI-based solutions and proliferation in data generation are some of the major driving factors of the AI Platform Market. Furthermore, the increasing demand for intelligent business processes and growing innovation across end-users are expected to provide opportunities for the growth of the AI Platform Market. Rapid improvements in fast information storage capacity, high computing power, and parallelization have contributed to the swift uptake of the robotics and artificial intelligence technology in end-use industries such as automotive and healthcare. This market research report gives an in-depth idea about the Global Artificial Intelligence Platform Market. It highlights the recent market scenario, growth in the past few years, and opportunities present for manufacturers in the future.

The AI platform market size is expected to grow from USD 3 Billion in 2017 to USD 10 Billion in 2022, at a Compound Annual Growth Rate (CAGR) of 30%. The increasing demand for AI-based solutions and proliferation in data generation are some of the major driving factors of the AI platform market. Furthermore, the increasing demand for intelligent business processes and growing innovation across end-users are expected to provide opportunities for the growth of the AI platform market. Artificial Intelligence Platform Market offers a clear understanding of the subject matter. The report has been hoarded using primary and secondary research methodologies.

Certainly, it's undeniable that technology is becoming more and more commonplace in our present and it promises a huge leap in the days to come. Although there are some technologies which fizzle and dies away silently, there are some so significant that transmute the world we live in. Though the impact of artificial intelligence in our lives and work in the coming days is debated by experts, it can be gauged that Ai is making significant strides in several applications. According to a new research report by MarketsandMarkets, the market size is expected to grow from USD 2.61 Billion in 2017 to USD 9.88 Billion in 2022, at a CAGR of 30.5 percent. The increasing demand for AI-based solutions and proliferation in data generation are some of the major driving factors of the AI Platform Market.

Intel's Nervana platform is a $400 million investment in AI Back in November, Intel announced what it claims is a comprehensive AI platform for data center and compute applications called Nervana, with its focus aimed directly at taking on Nvidia's GPU solutions for enterprise users. The platform is the result of the chipmaker's acquisition of 48-person startup Nervana Systems back in August for $400 million that was led by former Qualcomm researcher Naveen Rao. Built using FPGA technology and designed for highly-optimized AI solutions, Intel claims Nervana will deliver up to a 100-fold reduction in the time it takes to train a deep learning model within the next three years. The company intends to integrate Nervana technology into Xeon and Xeon Phi processor lineups. During Q1, it will test the Nervana Engine chip, codenamed'Lake Crest,' and make it available to key customers later within the year.