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New opportunities of hardware and application by generative AI: Seizing the US$1.5 trillion market

Jason Tsai
Jason Tsai
Generative AI, ignited by ChatGPT's 2022 debut, is reshaping industries. DIGITIMES Research forecasts a market surge to US$400 billion by 2024 and US$1.5 trillion by 2030, primarily driven by hardware. This report delves into the hardware landscape, examining trends, strategies, and opportunities within this rapidly expanding domain.
Abstract

AI research emerged in the 1940s and made breakthroughs in areas like expert systems, natural language processing, and machine learning from the 1960s to the 1980s. Essential milestones include the use of expert systems in business during the 1980s, IBM's Deep Blue defeating world chess champion Garry Kasparov in 1997, and AlphaGo defeating world Go champion Lee Sedol in 2016. With AI technology rapidly advancing, its applications in various fields are expected to become more profound and widespread and bring revolutionary changes in healthcare, education, transportation and manufacturing.

In November 2022, OpenAI launched ChatGPT, a large-scale language model that quickly garnered global attention. ChatGPT can produce human-like text and excels in dialogue, writing, translation, and more, marking a significant milestone in AI development. As a conversational system based on machine learning, ChatGPT comprehends and generates natural language, enabling meaningful interactions with users and advancing AI in language understanding and generation.

This article delves into the current state of generative AI, its potential applications, and its challenges, examining case studies across various domains to assess its capabilities and limitations. DIGITIMES Research predicts that led by Amazon, Google, Meta, Microsoft, NVIDIA, OpenAI and others, the global generative AI market will grow rapidly, reaching US$ 40 billion in 2024 and growing to US$ 1.5 trillion US in 2030.

The recent growth mainly comes from the AI hardware market, from cloud servers and AI computing chips to various AI terminal devices. This report will analyze the development trends and key layouts of each hardware market; as for the long-term growth momentum, it will come from The implementation of generative AI in various application fields and will describe the future business opportunity value from the development and possibilities of application scenarios.

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Published: September 2, 2024

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