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The Artificial Intelligence (AI) Chip Market: Global Opportunity Analysis Industry Forecast, 2019-2025 - ResearchAndMarkets.com

The global artificial intelligence chip market size was valued at $6,638.0 million in 2018, and is projected to reach $91,185.1 million by 2025, growing at a CAGR of 45.2% from 2019 to 2025.

At present, North America dominates the artificial intelligence chip market owing to technological advancements.

In addition, increase in penetration of head-up display screens in luxury cars, smart wearables, and growth in venture capital investments propel the adoption of AI solutions in this region, followed by Europe.

Many tech companies in China, such as Baidu, invested heavily in technology and have employed skilled employees from its foreign rivals.

The enormous data generated by numerous internet users in the country is expected to be a key driving factor for the global artificial intelligence chip market growth.

In addition, in May 2018, Cambricon (pioneer in the field of smart chips in the world) unveiled its 3rd generation AI chip for edge devices with the help of TSMC 7nm technology.

In addition, the company aims for having one billion smart devices which is expected to be using its AI processor.

Various chip makers companies are acquiring AI startups to enhance and strengthen their AI chip product portfolio.

Neural network processors are built for deep learning, offering high speed bi-direction data transfer.

The growth of the global artificial intelligence chip market is driven by increase in demand for smart homes, development of smart cities, and emergence of quantum computing.

Tools and technologies that are artificially intelligent possess a massive potential in transforming interconnected digital homes and smart cities.

Further, in the near future, increased adoption of AI chips in the developing regions and development of smarter robots are expected to provide lucrative opportunities for the key players operating in the artificial intelligence chip market.

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