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In fact, the Generative AI market is expected to reach $36 billion by 2028 , compared to $3.7 Attention Mechanism Image Source Course difficulty: Intermediate-level Completion time: ~ 45 minutes Prerequisites: Knowledge of ML, DL, Natural Language Processing (NLP) , Computer Vision (CV), and Python programming. billion in 2023.
AI Categories in CRE Colliers has identified six primary categories of AI that are currently being utilized or expected to be adopted soon: Natural Language Processing (NLP) – Understands, generates, and interacts with human language. from 2023 to 2028, reaching $36.4 billion by 2028. 26% aim to do so within the next year.
For example, by leveraging Natural Language Processing (NLP) and text analytics, OCR can proficiently scan and transform handwritten or printed documents, such as prescription labels, patient forms, doctor's notes, and lab results, into digital format. Simply put, it is a superior iteration of intelligent automation.
The recent NLP Summit served as a vibrant platform for experts to delve into the many opportunities and also challenges presented by large language models (LLMs). billion by 2028, LLMs play a pivotal role in this growth trajectory. At the recent NLP Summit, experts from academia and industry shared their insights.
This is only clearer with this week’s news of Microsoft and OpenAI planning a >$100bn 5 GW AI data center for 2028. Microsoft, OpenAI Plan $100 Billion Data-Center Project, Media Report Says OpenAI and Microsoft are working on a massive $100 billion data center project called “Stargate,” set to launch in 2028.
Setting the Stage: A Snapshot of the Current Gaming Landscape Market Growth: The gaming industry is on an exhilarating rise, with projections showing a leap from $245 billion (2023) to $376 billion by 2028[1]. Player Surge: The global player count is anticipated to touch 3.38
through 2028. Additionally, NLP advancements are expected to lead to more sophisticated chatbots and voice assistants, blurring the lines between human and machine communication. The global NLP market is anticipated to reach $68.1 billion by 2028, at a CAGR of 29.3%.
Data visualization, APIs galore, facial recognition, NLP, PA, DL, and more are all on the menu here. billion globally by 2028, expanding at an annual growth rate (CAGR) of 31.6% between 2018 and 2028. Data pattern discovery is the primary application of MLaaS algorithms.
AI technologies, such as Machine Learning (ML) and natural language processing (NLP), have gained traction to protect, detect and respond to threats. billion by 2028, growing at a compound annual growth rate (CAGR) of 21.9% billion by 2028. billion in 2023 and is projected to reach USD 60.6 during this period. billion in 2023.
The global intelligent document processing (IDP) market size was valued at $1,285 million in 2022 and is projected to reach $7,874 million by 2028 ( source ). Anjan Biswas is a Senior AI Services Solutions Architect who focuses on computer vision, NLP, and generative AI.
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