According to a latest report published by Bain & Company, the Artificial Intelligence (AI) market is experiencing explosive growth, with the market size expected to approach $1 trillion by 2027. This growth is mainly driven by increasing investments in AI technology and ongoing advancements in the technology. The report indicates that from 2022 to 2027, the compound annual growth rate (CAGR) for the AI market will be approximately 31%. Image source note: Image generated by AI, image licensed through Midjourney. So, what is driving this wave of growth?

The market size for generative AI in Japan is expected to reach 85 billion yuan by 2024.

In 2023, the overseas expansion market scale of online literature exceeded 4 billion yuan, with around 230 million overseas users covering over 200 countries and regions worldwide. China's online literature market size increased by 3.8% year-on-year, and the online literature IP market size reached 260.5 billion yuan, up 3.4% year-on-year. The driving forces behind the growth of online literature IP include the gradual maturity of the IP pre-development model, significant incremental contributions from sectors such as film, animation, and short dramas, as well as AI technology facilitating the online literature IP ecosystem. The growth rate of the domestic online literature market is slowing down.

AMD has announced the launch of the new generation MI300 series AI chips, with the data center AI processor market expected to reach $45 billion in 2023. The MI300 series covers generative AI and supercomputing applications, enhancing processing performance and challenging Nvidia's dominant position in the AI chip market. Company executives estimate that the data center AI chip market will grow to approximately $400 billion by 2027. AMD is committed to meeting the rapidly growing demand for AI chips, emphasizing that it will provide a large supply of AI chips, exceeding $2 billion.

According to a report by Fortune Business Insights, the global AI image generator market is expected to exceed $900 million by 2030, with a compound annual growth rate (CAGR) of 17.4%. AI image generators have extensive applications in digital art and illustration creation, as well as in producing visual elements for marketing materials. The enterprise sector dominates the market due to task automation and process optimization.

Generative AI in the healthcare market is a revolutionary technology that utilizes artificial intelligence to transform the medical industry. By 2032, the market size of generative AI in healthcare is expected to reach $30.4 billion, with a compound annual growth rate of 34.9%. Diagnostic applications account for more than two-fifths of the market revenue in the healthcare sector, while hospitals and clinics are the highest revenue-generating applications of generative AI in the medical field.

In the first half of 2023, China's accelerated server market size significantly increased by 54% compared to the same period last year, reaching 3.1 billion USD. GPU servers continue to dominate with an 88% market share, but domestic AI chips are also developing rapidly. Domestic chips still need further development in technology and ecosystem construction to achieve in-depth cooperation between industry, academia, and research. By 2027, the market size of China's accelerated server market is expected to reach 16.4 billion USD.