Generative AI, or GenAI, is the hot technology of the moment, gaining traction with both enterprises and individual users.
Bloomberg Intelligence research in a June 2023 report says the generative AI market is poised to expand dramatically over the next 10 years, rising to $1.3 trillion from a market size of $40 billion last year. The report says market growth is being driven by training infrastructure in the short term, and this will gradually shift to inference devices for …