Artificial Intelligence (AI) Chips Market to Grow by USD 902.65 Billion by 2029, Boosted by Focus on AI Chips for Smartphones, Report on AI Impact on Market Trends

AI Chips Market Set to Surge by USD 902.65 Billion by 2029
A recent report by Technavio reveals that the global artificial intelligence (AI) chips market is projected to expand significantly, with an estimated growth of USD 902.65 billion from 2025 to 2029. This remarkable increase is expected to occur at a compound annual growth rate (CAGR) of over 81.2% during the forecast period. The surge is largely attributed to a heightened focus on the development of AI chips specifically designed for smartphones, alongside a trend towards the convergence of AI and the Internet of Things (IoT). However, the industry faces challenges, notably a shortage of technically skilled workers for AI chip development.
For more information, visit: https://finance.yahoo.com/news/artificial-intelligence-ai-chips-market-013300142.html
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