The generative AI market in the 10-year horizon will grow 30 times, Bloomberg analysts shared their forecast. The total market size will reach $1.3 trillion by 2032 with an average annual growth of 42%.

The generative AI market will grow 30 times in a 10-year horizon – Bloomberg

The profit of the generative artificial intelligence market by 2023 can grow 32 times, reaching 1.3 trillion dollars. Bloomberg analysts shared this forecast. In 2022, the generative AI market generated $40 billion in revenue.

Bloomberg has calculated that the average annual growth of the generative AI market will be 42%. Significant growth rates will be provided by the demand for infrastructure to train neural networks, AI devices, and advertising.

A Bloomberg report says that by 2023, digital ad revenue from ChatGPT-like systems will grow to $192 billion, from AI servers to $134 billion. Microchip makers and cloud giants: Nvidia, Microsoft , Google, Amazon.


Kirill Bilyk

Source: RB

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