Generative AI Expected to Evolve into a $100 Billion Industry by 2026

The UK government recently announced the renaming of the institution originally called the 'AI Security Institute' to 'AI Security Academy', marking a significant shift in the government's strategy in the AI sector. The new name not only reflects changes in the institution's functions but also indicates the UK government's firm commitment to promoting the development of the AI industry. Image source note: The image is AI-generated, with licensing provided by Midjourney. This change was announced by the Department for Science, Innovation and Technology, and the new AI Security Academy will focus on cybersecurity, aiming to ...
Recently, researchers from Microsoft Research and Carnegie Mellon University released a new study revealing potential issues for knowledge workers using generative AI (such as Copilot and ChatGPT). The research team surveyed 319 knowledge workers who use generative AI weekly to explore their application of critical thinking while using these tools. Image source note: Image generated by AI, courtesy of image licensing provider Midjourney. The research findings indicate that those...
Market research firm Omdia has released a report indicating that the Chinese generative artificial intelligence (GenAI) software market is experiencing rapid growth. The report shows that by 2024, China's GenAI software revenue is expected to reach $1.8 billion, approximately 13.1 billion yuan. This market is still in its infancy, but the development potential over the next five years is enormous, with the market size projected to grow 5.5 times, reaching $9.8 billion by 2029, approximately 71.4 billion yuan. Omdia's report emphasizes