At the Goldman Sachs Communacopia and Tech Conference, Nvidia executive Manuvir Das shared remarkable statistics concerning the artificial intelligence (AI) market. According to Das, AI’s total addressable market will constitute $300 billion in chips and systems and $150 billion each in generative AI and omniverse enterprise software, with the total amounting to a staggering $600 billion. Dan Ives from Wedbush Securities anticipates a trillion-dollar AI spending surge over the next decade, with AI’s pervasive influence extending across all sectors. The global AI market, valued at $428 billion in 2022, is set to surge from $515 billion in 2023 to an astonishing $2.03 trillion by 2030. Generative AI refers to a category of AI technology capable of generating diverse forms of content, such as text, images, audio, and synthetic data.
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