July 03 - 10:07
Global AI market to hit $71 billion by 2024
The global artificial intelligence (AI) market is expected to reach $71 billion by 2024 with a CAGR of 26% from 2019 to 2024, according to ResearchAndMarkets. Major drivers for the market are increasing demand for virtual assistance for easy accessibility of services and growing adoption of cloud-based tech. Emerging trends include adoption of AI in IoT applications and AI-enabled processors.
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