Artificial Intelligence: here is why market participants are working on building custom chips

For those who are unfamiliar, Artificial Intelligence is a fast-evolving technology and industry leaders are investing into the technology to gain higher market share within a competitive market space.

For those who are unfamiliar, the Artificial Intelligence systems consist of software and also require high-end hardware functionality to support calculations. Therefore, market participants are working on building custom chips, designed to support AI development.

Artificial intelligence is positioned at the core of the next-generation software technologies. Fast paced developments in the making of human-like robots and rapid growth in the deployment of the technology in the developing regions have significantly influenced the overall market growth. Innovative techniques are floated into the existing systems to provide customers with advanced and innovated product offerings.

Based on Technology, the market report segments the market into FPGA, ASIC, CPU, and GPU. Based on Vertical, the market report segments the market into BFSI, Government, Retail & Ecommerce, Automotive, Media & Entertainment, and Others.

Key actors of the market include Google, Inc., Advanced Micro Devices, Inc., Intel Corporation, Nvidia Corporation, Baidu, Inc., Graphcore Ltd., Qualcomm Incorporated, Adapteva, Inc., Microsoft Corporation, and IBM Corporation.