Chicago, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Increasing adoption of AI and ML-based solutions and rising focus on parallel computing in data centres to boost the need for AI Chipset market in the country.
The AI chipset market USA is experiencing significant growth, driven by the rising focus on parallel computing in data centers. As organizations increasingly recognize the need for enhanced computational power to handle complex tasks, parallel computing has emerged as a crucial aspect. Data centers are adopting parallel computing architectures to efficiently process massive datasets and accelerate computations.
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This shift is particularly evident in the AI and machine learning (ML) domain, where intricate algorithms demand robust parallel processing capabilities for optimal performance. For instance, in April 2022, Alphabet Inc. (US) announced its plans to invest USD 9.5 billion across its US data centres and offices, mainly focused on the southern and western regions of the country. The tech giant is building or expanding 23 offices and 14 data centres in Georgia, Texas, Tennessee, Virginia, Oklahoma, Iowa, Nebraska, New York, Pennsylvania, Massachusetts, Nevada, Colorado, California, Oregon, and Washington.
The adoption of AI and ML-based solutions is a key catalyst for the burgeoning AI chipset market. As businesses across various sectors integrate artificial intelligence and machine learning into their operations, the demand for specialized hardware accelerators, such as AI chipsets, is on the rise. These chipsets are designed to handle the specific computational requirements of AI and ML workloads, offering improved efficiency and performance compared to traditional processors. This surge in demand is further fueled by the growing realization of the transformative potential of AI technologies across industries.
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In addition to parallel computing, the increased deployment of AI and ML solutions in the US is reshaping the technology landscape. Organizations are leveraging these advanced technologies to gain actionable insights, enhance decision-making processes, and automate various tasks. The AI chipset market is, therefore, witnessing a boost as businesses seek optimized hardware solutions to support the deployment of increasingly sophisticated AI and ML algorithms. According to Drift, 27% of adults in the US are ready to purchase basic goods through chatbots; 13% of adults in the US have at least once bought expensive items using chatbots. According to Adobe, 28% of leading companies use AI for marketing, while 31% of companies plan to use AI in the next 12 months. Additionally, according to Edison, 16% of Americans own smart speakers, such as Amazon Alexa or Google Home.
Furthermore, the continuous evolution of AI applications, ranging from natural language processing to computer vision, necessitates specialized chipsets that can deliver the required processing power. This has led to a competitive landscape in the AI chipset market, with companies striving to innovate and develop cutting-edge solutions that cater to the diverse needs of the expanding AI ecosystem in the US.
