According to Gartner, the global semiconductor sales revenue for executing AI workloads is expected to grow by 20.9% year-over-year in 2023, reaching $53.4 billion. By 2027, AI chip revenue is expected to more than double compared to the market size in 2023, reaching $119.4 billion. Many industries and IT organizations will deploy systems containing AI chips as the use of AI workloads within enterprises matures.