Generative AI

The emergence of ChatGPT has sparked excitement in the field of Artificial Intelligence. This innovation has piqued the interest of the general public, academics, and business leaders because of its capacity to simulate human thought processes and generate original content.

The significance of this development cannot be overstated. Generative AI is poised to revolutionise a wide range of industries and by leveraging this technology, businesses can automate repetitive tasks and identify patterns, trends, and anomalies. All of these can contribute to improved forecasting, risk management, process optimisation, and overall customer satisfaction.

The rapid evolution of Generative AI has opened up an array of exciting possibilities for businesses and individuals alike. As we continue to witness breakthroughs in the field, we can expect to see even more impressive applications of this technology.

Generative AI Statistics

The Asia Pacific is the fastest-growing regional market for Generative AI

Asia-Pacific Generative AI market growth is estimated to achieve a significant CAGR of around 36% from 2022 to 2030

The Generative AI market is projected to reach USD 110.8 billion by 2030

ChatGPT became the fastest-growing consumer app in the world two months after its launch

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