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The AI Eye: Let the Chips Fall Where They May - The Burgeoning Market for AI Chips
Point Roberts, Washington and Vancouver, British Columbia--(Newsfile Corp. - February 20, 2020...
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[{"type":"text","content":"The AI Eye: Let the Chips Fall Where They May - The Burgeoning Market for AI ChipsPoint Roberts, Washington and Vancouver, British Columbia--(Newsfile Corp. - February 20, 2020) - Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today's edition of The AI Eye, looking at the market for AI Chips and featuring GBT Technologies Inc. (OTC Pink: GTCH).Read the full article on AI Chips on Investorideas.comhttps://www.investorideas.com/news/2020/artificial-intelligence/02200AIEye.aspAs artificial intelligence (AI) markets grow and their accompanying applications are reshaping an array of industries, a demand for the chips that increasingly power these applications is growing in tandem. AI chips are integrated circuits designed for performing AI tasks, such as machine learning algorithms, more efficiently. This is attendant on the rise of an ever-increasing multitude of AI applications including computer vision, speech recognition and natural language processing, in use cases as well as R&D. But while the number of companies that produce and design AI chips is and will continue to be necessarily finite, the application and demand for them has no foreseeable limit. Projections from a Research and Markets report on the global AI chip market put growth from $5.65 billion in 2018 to $83.25 billion by 2027 with a compound annual growth rate (CAGR) of 35 percent in the forecast period.Danny Rittman, CTO of GBT Technologies Inc. (OTC Pink: GTCH) sheds some light on this market, confirming the seeming inevitability of AI chips becoming ubiquitous and highlighting their particular application in IoT systems.AI microchips will soon become a commodity within our daily lives. One of the prominent examples is the IoT arena. Today's IoT systems have the capability to make decisions based on received information, without human intervention. These systems typically operate via specific circuitries and algorithms and become major factors in many domains like smart cities, autonomous vehicles, environment and agriculture, smart homes and more. A new class of microchips is now emerging and under urgent demand; AI specific integrated circuits. AI integrated circuits are a new family of chips that are designed to handle neural network and other machine learning algorithms to enable ...