The global Artificial Intelligence (AI) Chips Market is expected to grow at a CAGR of 44.6% during the forecast period. An Artificial Intelligence (ARTIFICIAL INTELLIGENCE (AI)) chip is a chip designed to perform Artificial Intelligence (AI) tasks using the technologies related to Artificial Intelligence (AI). With the rise in quantum computation and the need for solving mathematical and computational problems in organizations, the use of Artificial Intelligence (AI) chips is increasing. There are large volumes of data generated due to digitization and the integration of technologies. Monitoring and analysis of such huge data is difficult and can be simplified by making the use of Artificial Intelligence (AI) chips. Moreover, data centres have multiple central processing units that consume high energy and do not provide the accuracy and efficiency. The use of Artificial Intelligence (AI) chips in data centres helps in improving efficiency and accuracy, and it also reduces energy consumption.
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The market for Artificial Intelligence (AI) chips is witnessing significant growth due to its use in decision-making processes, information and technology, automotive and transportation, and others. There is a rise in investment and development in smart homes, smart cities, smart TVs, smart robots, and others that make the use of Artificial Intelligence (AI) chips. The Artificial Intelligence (AI) chip market is segmented on the basis of deployment type, chip type, application, technology, and end-use industry. On the basis of applications, the machine learning segment is holding the largest market share due to its ability to help a machine in imitating human behaviour. The automotive sector is using Artificial Intelligence (AI) chips in self-driving cars that will further boost the market for Artificial Intelligence (AI) chips.
The market for Artificial Intelligence (AI) chips is segmented on the basis of regions as North America, Europe, Asia Pacific, Latin America and Middle East Africa. The North America region has the highest share in the Artificial Intelligence (AI) chip market due to the presence of highly advanced technologies and developed infrastructure. The Asia-Pacific region is expected to witness significant growth during the forecast period due to an increase in R&D initiatives and developments in the automotive and transportation, healthcare, retArtificial Intelligence (AI)l, finance, and other sectors. Developments in the automotive sector such as self-driving cars require safety and reliability that can be fulfilled by the use of Artificial Intelligence (AI) chips.
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By Deployment Type-
• Edge
• Cloud
By Chip Type-
• GPU

• ASIC

• FPGA

• CPU

• Other
There are many players in the market that are into manufacturing ARTIFICIAL INTELLIGENCE (AI) chips, such as AMD, Adapteva, Alphabet, Artificial Intelligence (AI)du, Google, Inc., Graphcore, Huawei Technologies, Intel Corporation, Mythic, NVIDIA, Qualcomm, UC-Davis, and others. Companies are using strategies such as partnerships, mergers and acquisitions, and joint ventures, in order to expand their product portfolio and Artificial Intelligence (AI)n larger market share. For instance, Intel Corporation, an American company that is into manufacturing of processors, chipsets and others, acquired Mobileye, an Israeli company that develops driver-assistance systems in an attempt to provide safer solutions to autonomous vehicles.
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