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The global Artificial Intelligence (AI) Chip Market size generated USD 28.83 billion in 2022, and is projected to generate USD 304.09 billion by 2030, witnessing a CAGR of 29.0%. The rising adoption of AI in several industries, such as healthcare, finance, autonomous vehicles, and robotics has created extensive demand for AI chips, which is driving the growth of the global AI chip market. However, the lack of a skilled AI workforce due to its complexities is restraining the market growth. Edge computing and IoT present significant opportunities for AI chip manufacturers, as edge AI chips enable real-time data processing at edge devices, facilitating faster decision-making and reducing reliance on cloud computing.