General Purpose Artificial Intelligence (Gpai) Market Size, Projections: A Comprehensive Outlook | IMR
General Purpose Artificial Intelligence (Gpai) Market Size, Projections: A Comprehensive Outlook | IMR
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General Purpose Artificial Intelligence (Gpai) Market Size Was Valued at USD 21.05 Billion in 2023, and is Projected to Reach USD 108.61 Billion by 2032, Growing at a CAGR of 20% From 2024-2032.
The phrase General Purpose Artificial Intelligence (GPAI) is currently used to refer to advanced AI capable of performing tasks at the level of an average human. AI is a specific tool with set goals like language translation, visual recognition, or playing checkers, whereas GPAI, a subset of AI, can acquire patterns, develop cognition, and apply knowledge across various domains.
This wide range of skills enables GPAI to address new and unforeseen challenges, a vital advantage in today's rapidly changing world, making it a highly promising form of artificial intelligence. The primary focus of GPAI is creating systems that can analyze different forms of data and information, learn from examples, reason logically, solve problems, and understand concepts similarly to human thinking.
Global General Purpose Artificial Intelligence (Gpai) Market Top Key Players:
Alibaba Cloud (Hangzhou, China), Amazon Web Services (Seattle, USA), Apple (Cupertino, USA), Baidu (Beijing, China), Facebook AI Research (FAIR) (Menlo Park, USA), Google DeepMind (London, UK), IBM Watson (Armonk, USA), Microsoft (Redmond, USA), NVIDIA (Santa Clara, USA), OpenAI (San Francisco, USA), Other Major Players
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General Purpose Artificial Intelligence (Gpai) Market Trend Analysis
Focus on Explainable AI (XAI)
This has generated the logic behind the increase of transparency for the AI processes, explained as Explainable Artificial Intelligence (XAI), which has become a main trend in the General Purpose Artificial Intelligence (GPAI) market. So, as more and more systems in healthcare, finance, semi-autonomous cars etc – are being developed to incorporate artificial intelligence to make decisions, the need for such systems to explain decisions made is only going to increase. For instance, users, regulators of AI-driven systems, and developers have the need to know how the AI models arrived at its conclusions when time is of essence or the consequences of its decision making are dire. To this end, XAI seeks to offer insights into the factors that underpinned a decision made by the AI system in a bid to increase trust and thus improve usage of the latter.
Global General Purpose Artificial Intelligence (Gpai) Market Segment Analysis:
General Purpose Artificial Intelligence (Gpai) Market Segmented on the basis of Type, and Applications.
By Type
- Machine Learning
- Natural Language Processing
- Computer Vision
- Other
By Application
- Smart Manufacturing
- Financial Services
- Medical and Health
- Automotive and Transportation
- Media and Entertainment
- Other
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North America is Expected to Dominate the Market Over the Forecast period
The factor that accounts for its lead is technological adoption, well-funded research initiatives in GPAI, accessible resources, and the presence of tech expertise. Some of the leading tech companies with important establishments in the region include Google, Microsoft, Amazon, and IBM that are leading in the development of Artificial Intelligence. These companies do not only dedicate great amount of money for their AI programs, but they also buy many startups, supporting their development and thus advancing AI. The existence of famous research institutions and universities like MIT, Stanford, Carnegie Mellon, etc further strengthens North America AI point by constantly providing the talent pool of researchers and professionals.
By Region
- North America (US, copyright, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key questions answered:
- Market size and growth rate during the forecast period
- Key factors driving the Public Relations Service (PR service) market
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- Challenges to market growth
- Detailed company profiles of the key vendor of Public Relations Service (PR service) market
- Detailed SWOT analysis of ten profiled companies
- Opportunities and threats faced by the existing vendors in the Global Public Relations Service (PR service) market
- Trending factors influencing the market in different geographical regions
- Strategic initiatives focusing the leading vendors
- PEST analysis of the market for the five major regions
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