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AI Chips Market to Surge by USD 389.25 Billion by 2028, Driven by IoT and Data Centers – DeFinace Daily – 7.10.24

The global artificial intelligence (AI) chips market is projected to grow by USD 389.25 billion from 2024-2028, with a compound annual growth rate (CAGR) of over 68.13%, according to Technavio. This rapid expansion is fueled by the increasing adoption of AI chips in data centers and the convergence of AI with the Internet of Things (IoT).