Global AI as a Service Market Projected to Hit $178.9B by 2032

📅 August 12, 2024 - The globalArtificial Intelligenceas a Service (AIaaS) market will experience remarkable expansion and is expected to reach $178.9 billion by 2032, with an impressive compound annual growth rate (CAGR) of 35.9% from 2024 to 2032, according to a recent report by Allied Market Research.

The market, which was worth $11.7 billion in 2023, is being driven by several key factors, including the increasing importance of data-driven decision-making in business and the rising demand for machine learning (ML) services delivered via APIs (Application Programming Interfaces) and SDKs (Software Development Kits).

One of the key drivers of this growth is the increased focus on using data to inform [...][... Check source for end of article ...]

Tags: AI

Reads: 135 | Category: General | Source: Hosting Jurnalist : Hosting Jurnalist | Author:
URL source: https://hostingjournalist.com/news/global-ai-as-a-service-market-projected-to-hit-178-9b-by-2032
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!

Other news

📅 Aug 12, 2024 - JLL Projects Global Edge Data Center Market to Reach $300B by 2026 - According to research by international real estate consulting company JLL (NYSE: JLL), the global edge data center market will reach $300 billion by 2026. The need for processing capacity to be closer to data creation and consumption due to technological megatrends like IoT and generative AI will promote the expansion of edge IT infrastructure.

The Internet of Things (IoT) and generative artificial intelligence (AI) are two examples of the data-dependent technologies that are expected to grow significantly worldwide and need significant IT infrastructure support from edge data centers. According to JLL, the market for edge IT infrastructure and data centers is expected to rise from $153 [...]

📅 Aug 12, 2024 - Consensus Core Partners with Cologix to Launch GPU-as-a-Service in Canada - Consensus Core, an AI cloud service provider, has selected Cologix, a major network-neutral interconnection and hyperscale edge data center colocation company in North America, to support its needs of AI technologies at Cologixs MTL10 Scalelogix colocation data center in Montral, Canada.

Through this partnership, Consensus Core will be able to introduce a brand-new GPU-as-a-Service (GPUaaS) with NVIDIA capabilities to the Canadian market, and the MTL10 colocation facility will become the central location for its high-performance AI workloads.

The CEO and co-founder of Consensus Core, Wayne Lloyd, stated that the company will supercharge AI in Canada as a registered member of the NVIDIA [...]

📅 Aug 11, 2024 - Humana Partners with Google Cloud to Revolutionize Healthcare with AI - Health and wellness firm Humana (NYSE: HUM) has announced a major multi-year cooperation with Google Cloud with the goal of utilizing cutting-edge AI capabilities to promote innovation in healthcare and modernizing Humana's cloud infrastructure. With an emphasis on jointly creating solutions to enhance population health and utilizing Google's AI technologies for the advantage of Humana's members and patients, this increased cooperation expands on the existing partnership between Google Health and Humana.

The terms of this agreement's finances were not disclosed. The CEO of Humana, Jim Rechtin, highlighted how incorporating cutting-edge technology into healthcare has the ability to [...]

📅 Aug 12, 2024 - AMD Completes Silo AI Acquisition to Boost AI Development on Its Hardware - AMD (NASDAQ: AMD) has officially completed its acquisition of Silo AI, Europe's largest private AI lab, in a deal valued at approximately $665 million. This strategic move would underscore AMDs commitment to advancing its position in the artificial intelligence (AI) space, particularly in developing and deploying AI models on its hardware platforms.

The acquisition is expected to bolster AMD's capabilities in providing comprehensive AI solutions, enhancing its partnerships within the global AI ecosystem.

Silo AI, renowned for its cutting-edge AI models and platforms, would bring a highly skilled team of AI scientists and engineers to AMD. The team has a strong track record of developing [...]

📅 Aug 13, 2024 - AWS Significantly Expands Cloud Data Centers in Hyderabad, India - Amazon Web Services (AWS) is making significant strides in expanding its cloud infrastructure footprint in India, with its Hyderabad region playing a crucial role in the companys long-term strategy for the country. The region, launched in 2022, currently comprises three operational data centers and represents a pivotal investment by AWS in India's burgeoning digital economy.

On Friday, AWS executives, including key decision-makers, met with Mr. Revanth Reddy, the Chief Minister of Telangana, to discuss the future of AWSs infrastructure investments in the region. This meeting underscored the importance of the Hyderabad region not just for AWS but for the broader ambitions of digital [...]

📅 Aug 13, 2024 - TierPoint Investing $150M to Convert St. Louis Building into Data Center - With an investment of up to $150 million, TierPoint, a leading supplier of connected and secured IT platform solutions that drive digital transformation projects, has acquired a building in downtown St. Louis and intends to convert it into an enterprise-grade data center. The buyer and seller of the building were not made public. A major Fortune 100 company has already signed as an anchor tenant.

The acquired building is 13,5,800 square feet in total and is situated at 2300 Locust Street in St. Louis. The first phase of the investment will create 22,600 square feet of data center colocation space over the course of the following year, creating up to 80 construction jobs and nine permanent [...]