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The global Generative AI Market size accounted for USD 10.6 billion in 2022 and is estimated to grow at a CAGR of 31.4%, registering an incremental revenue of USD 151.9 billion by 2032. Generative AI uses complex mathematical models, like neural networks and deep learning algorithms, to learn from large amounts of data and generate new content similar to the original data. This technology has numerous applications, including in the fields of art, music, design, gaming, and even scientific research. The market for generative AI is expected to grow rapidly in the upcoming years, driven by increasing demand for personalized content and more immersive virtual experiences.