Generative AI Market, By Technology (Deep Learning, Machine Learning, and Natural Language Processing), By Deployment Mode (Cloud-based and On-premises), By Application (Content Creation, Chatbots and Virtual Assistants, Image and Video Generation, Music Generation, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Sep 2024

Code : CMI7396

Pages :140

Formats :

Excel and PDF

Industry : Information and Communication Technology

Market Concentration and Competitive Landscape

Rising investment in AI research and development by tech companies and venture capitals

Generative AI Market Concentration By Players

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Major technology companies like Accenture, Adobe, Adept, AI21 Labs, Amazon Web Services (AWS), etc. and well-funded AI startups are investing heavily in generative AI with the goal of developing new applications and business opportunities. Corporates see huge commercial potential in generative models for personalized experiences, creative works, synthetic training data and others. Venture capitalists have recognized this potential and invests in AI startups each year. This rising investment boosts advancements in generative modeling techniques.

Large firms like OpenAI, Google, AWS, Microsoft, and others have launched initiatives and research labs dedicated to advancing the state-of-the-art in generative modeling, computational creativity and related areas. These are investing in novel model architectures, self-supervised learning methods, massive computational resources and talented researchers. Startups are innovating with new applications of generative AI in domains like art, science, manufacturing and social media. Many tech companies uses AI to automate routine design/engineering processes and generate synthetic test/training data to lower costs and boost productivity.

Venture funding for AI startups has increased exponentially in recent years. Unicorns like Anthropic, Stability AI and DeepMind received funding from top VCs. This large influx of capital boosts more innovations that push the boundaries of generative modeling.

Key Players Insights