The AI Chip Market is expected to experience significant growth in the coming years, with a projected CAGR of 20.4% from 2024 to 2029. This growth is driven by the increasing adoption of AI capabilities in industries such as BFSI, Healthcare, Retail, and E-commerce, as well as the growth of AI server shipments. The market is also expected to benefit from the growing investments in data centers by cloud service providers. The natural language processing segment is projected to see significant growth within the market.