A deep dive into the transformative world of generative AI. Exploring big-tech innovations and what the future holds for this burgeoning space.
Over the past year or so, generative artificial intelligence (AI) has gained immense traction within the global tech landscape.
This is largely due to its innovative ability to alter how businesses and individuals approach problem-solving, creativity and decision-making. In fact, the versatility and efficiency of generative AI applications have led to their adoption across a wide range of industries, from healthcare to entertainment, which is evident from its rapidly expanding market size.
As of 2023, the global generative AI market was valued at $12.1 billion; however, this figure is set to rise to $119.7 billion by 2032, according to some projections.
