GENERATIVE AI REVENUE PROJECTIONS

SEMICONDUCTOR DEMAND

Semiconductors for executing AI workloads were worth $53.4 billion in 2023, up from $44.16 billion in
2022. This will increase to $67.1 billion in 2024 and reach $119.4 billion by 2027

AI SOFTWARE MARKET

• Total addressable market for generative AI software to be $150 billion in 2023, compared with
$685 billion for the global software industry.
• Demand for generative AI products could add about $280 billion of new software revenue,
driven by specialized assistants, new infrastructure products, and copilots that accelerate coding.
• By 2025, the market for artificial intelligence (AI) software will reach almost $134.8 billion. Over
the next five years, the market growth will accelerate from 14.4% in 2021 to reach 31.1% in
2025.
 • Revenues of generative artificial intelligence (AI) technology offerings are forecast to reach $3.7
billion in 2023 and expand to $36 billion by 2028 with a compound annual growth rate (CAGR) of
58 percent from 2023 to 2028.

LINK- Artificial Intelligence AI Market Size, Forecasts, Impact - January 2024

AI in HEALTHCARE MARKET

• In 2023 the AI healthcare market was worth an estimated $20.65 billion.

• As of 2025, this figure stands at almost double that ($38.66 billion).
• In the space of a decade, AI healthcare is predicted to reach a valuation of over $187 billion –
around 17x 2021’s figure.
• Healthcare providers can monitor patients’ cardiac activity and blood sugar levels live through
smart implants and wearable devices from any location. AI decision-making tools will become
mainstream by 2025.

AI in MANUFACTURING MARKET

• AI in manufacturing is expected to grow to $980 million by 2025.

• Predictive maintenance reducing equipment downtime by up to 45%
• Beijing is establishing a one trillion-yuan ($137 billion) fund to support startups in areas such
as AI and robotics, official announcements show.
• The average bill of materials for a humanoid will be about $35,000 by the end of this year but
could fall to $17,000 by 2030

AI in FINANCIAL SERVICE MARKET

Revenue Increase Percentage of Applicable Financial Service
Institutions

More than 20% 34%

Between 10% and 20% 17%

Between 5% and 10% 20%

Less than 5% 16%

No impact 12%

TOP COMPANIES

COMPANIES PRODUCT/SERVICE RESEARCH

Open AI OpenAI API – Access to models like ChatGPT, Significant contributions in natural
DALL-E, Codex, AI safety research, language processing, robotics, and
Reinforcement learning reinforcement learning. Over 200 published
papers.
Alphabet Search, Gmail, Google Assistant, Google Cloud Extensive AI research output across
AI, Waymo self-driving cars computer vision, NLP, robotics, and more.
Over 21,000 patents.
Microsoft Azure Machine Learning, Azure Cognitive Microsoft Research produces extensive AI
Services, Office 365 AI features research and innovations, with over
177,000 patents.
Nvidia GPUs, DGX systems, software libraries like Significant contributions to AI frameworks
CUDA, cuDNN like PyTorch and TensorFlow. Over 9,000
patents.
Meta Facebook, Instagram, WhatsApp, Meta AI Facebook AI Research contributes to
research division computer vision, NLP, meta learning, and
more. Over 15,000 patents.
Amazon Amazon Web Services AI, Alexa/Echo devices, Amazon has published over 1,000 AI papers
cashierless Go stores and owns over 10,000 AI-related patents
Baidu Baidu Brain, DuerOS virtual assistant, Apollo Baidu has published over 300 AI papers and
self-driving software owns thousands of AI-related patents.
Tencent WeChat, gaming platforms, Tencent Cloud AI Tencent AI Lab publishes research on
services computer vision, NLP, medical AI, and
more. Over 48,000 patents.
IBM Watson, IBM Cloud Machine Learning, IBM IBM Research is responsible for major AI
Research AI innovations. Over 150,000 patents total.
Anthropic Claude 2, Claude Instant, Constitutional AI Researchers have 50+ published papers on
topics including interpretability, adversarial
robustness, and AI alignment. Partnered
 with top AI labs including OpenAI on
technical AI safety initiatives
NeuraLink Neuralink brain implant, surgical robotics Developing high-bandwidth brain-
computer interfaces. 29 patents granted.
Intel Intel Xeon Scalable processors, Intel Stratix Maintains a number of AI research labs
FPGAs, and Intel Habana AI accelerators. • AI around the world. Has published numerous
software: Intel oneAPI toolkit, Intel AI papers and patents. Collaborates with
Analytics Toolkit, and Intel OpenVino Toolkit. universities and other research institutions
in AI.
Alibaba Alibaba is actively involved in research on
AI. The company maintains a number of AI
research labs around the world, and it has
published numerous papers and patents in
the field.
Tesla Tesla is actively involved in research on AI.
The company maintains a number of AI
research labs around the world, and it has
published numerous papers and patents in
the field.
Samsung Samsung is actively involved in research on
AI. The company maintains a number of AI
research labs around the world, and it has
published numerous papers and patents in
the field.
Salesforce Salesforce is actively involved in research
on AI. The company maintains a number of
AI research labs around the world, and it
has published numerous papers and
patents in the field.
Oracle Oracle Cloud A, Oracle Autonomous Database, The company maintains a number of AI
Oracle AI Platform research labs around the world, and it has
published numerous papers and patents in
the field.
Intellectual IVM does not offer any specific AI products or IVM maintains a number of AI research labs
Venture services. However, IVM owns a large portfolio around the world, and it has published
Management LLC of AI patents, which it licenses to other numerous papers and patents in the field.
companies.
Qualcomm Snapdragon Neural Processing Engine, The company maintains a number of AI
Qualcomm AI Engine, Qualcomm Snapdragon research labs around the world, and it has
Cloud AI 100 published numerous papers and patents in
the field.
SAP SAP, SAP Leonardo, SAP Business AI, SAP AI The company maintains a number of AI
Platform research labs around the world, and it has
published numerous papers and patents in
the field.
 Palantir Foundry, Apollo, Gotham The company has published papers in
academic conferences and journals, and it
has filed several patents.
C3.AI C3 AI Platform, C3 AI Applications, C3 AI The company has published papers in
Services academic conferences and journals, and it
has filed several patents.
Scale AI Scale Data Engine (data annotation platform), The company has published papers in
Scale Generative AI Data Engine (data academic conferences and journals, and it
generation platform), Scale MLOps (platform has filed several patents.
that helps businesses to manage the machine
learning lifecycle)
Clarifai Clarifai API, Clarifai Custom Models, Clarifai AI The company has published papers in
Applications academic conferences and journals, and it
has filed several patents.
Sparkcognition SparkCognition CogniSense platform The company has published papers in
academic conferences and journals, and it
has filed several patents.

LINK- The AI Elite: Top 25 AI Companies Defining the Future