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AI Training Dataset Market worth $9.58 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 24, 2024 /PRNewswire/ — The AI Training Dataset Market is slated to expand from USD 2.82 billion in 2024 to USD 9.58 billion by the year 2029 at a robust CAGR of 27.7% over the forecast period, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “AI Training Dataset Market”

487 – Tables
66 – Figures
446 – Pages

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Scope of the Report

Report Metrics

Details

Market size available for years

2019–2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

USD (Billion)

Segments covered

Offering, Dataset Creation, Dataset Selling, Type, Data Modality, Annotation Type, End User, and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

Google (US), IBM (US), AWS (US), Microsoft (US), NVIDIA (US), Snorkel (US), Gretel (US), Shaip (US), Clickworker (US), Appen (Australia), Nexdata (US), Bitext (US), AIMLEAP (US), Deep Vision Data (US), Cogito Tech (US), Sama (US), Scale AI (US), Lionbridge Technologies (US), Alegion (US), TELUS International (Canada), iMerit (US), Labelbox (US), V7Labs (UK), Defined.ai (US), SuperAnnotate (US), LXT (Canada), Toloka AI (Netherlands), Innodata (US), Kili (France), HumanSignal (US), Superb AI (US), Hugging Face (US), CloudFactory (UK), FileMarket (Hong Kong), TagX (UAE), Roboflow (US), Supervise.ly (Estonia), Encord (UK), TransPerfect (US), Keylabs (Israel), and data.world (US).

The market for AI training datasets has gained substantial traction, with the major catalyst being the need for fair and unbiased datasets. Enterprises are gradually realizing the implications of bias within the dataset. Such bias was highlighted in the case of the Apple Card, where women were given lower credit limits than men due to biased training data embedded in the credit disbursal algorithms. Large language models have also been criticized for making negative stereotypes, such as when OpenAI’s GPT-3 unintentionally linked objectionable words to certain ethnic groups. These cases stress the need for curating well-balanced training datasets that adequately capture real life scenarios; and are inclusive as well. Other factors helping the market growth include the rise of synthetic data to address privacy concerns and scarcity issues, allowing industries like healthcare and autonomous vehicles to simulate rare scenarios. Other pivotal market trends include the progressively increasing use of multimodal datasets, to power virtual assistants and smart gadgets that require the simultaneous processing of text, images and audio.

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By offering, dataset creation segment will account for largest market share in 2024 owing to high demand for accurately labelled datasets.

The market for data labeling & annotation software is expected to hold major market share in 2024, spurred along by the rising need for accurate and precisely labelled data. One of the main factors for growth is the rising demand for context-specific annotations that go beyond basic labeling. Companies like Tempus Labs are using intricately labeled genomic and clinical data to develop precision medicine AI tools, requiring highly detailed and specialized annotations from medical experts. Furthermore, with the introduction of AI-powered annotation automation tools such as SuperAnnotate, the AI annotation is combined with human annotators, creating a human-in-the-loop (HITL) system that enhances workflow efficiency. This has become a popular trend as organizations want to reduce the amount of manual work while maintaining good standards. For example, Aptiv is leveraging such HITL datasets for training advanced driver-assistance systems (ADAS). Another major factor is the progressive increase in the adoption of multimodal data, which require highly accurate and robustly annotated dataset across various modalities.

Rising consumption of high-quality datasets to develop domain-specific AI models will push software & technology providers as the fastest growing end user segment during the forecast period

The software and technology providers segment is experiencing the fastest growth in the AI Training Dataset Market, driven by increasing demand for scalable and high-quality dataset creation solutions. These providers, especially cloud hyperscalers like AWS and Google Cloud, are leveraging massive datasets to enhance AI offerings like voice recognition, computer vision, and natural language processing. Microsoft Azure, for instance, has launched several services like Azure Machine Learning that take advantage of large amounts of data to train advanced AI models. Foundation models providers, such as Cohere and Anthropic, are also investing a lot of resources into the procurement of datasets in order to train and custom design LLMs. Furthermore, IT services companies are developing end-to-end data pipelines for their customers, allowing them to scale AI applications with ethically sourced and unbiased training datasets. The segment’s robust expansion is also aided by the growing use of industry specific datasets for niche applications like AI in cyber security and supply chain analytics.

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North America is set to hold the largest market share in 2024, fueled by a strong regulatory environment and increasing investments in responsible AI deployment

North America has emerged as the largest regional market for AI training dataset, owing to hefty R&D investments being poured into AI. As reported in the 2022 US budget, the federal AI spending of the US government was greater than USD 3.3 billion dollars, which created a demand for quality training datasets. The region’s strong focus on advancing large-scale AI models like GPT-4 by OpenAI and DeepMind’s AlphaFold also showcases the requirement for multimodal and high-quality training datasets to develop such models. Also, the existence of cloud hyperscalers like AWS, Microsoft Azure, and Google Cloud has sped up the provision of scalable AI solutions, including data annotation and management, as part of their cloud services. In Canada, companies like Element AI (acquired by ServiceNow) are creating sophisticated AI models for sectors like finance and logistics, driving the need for reliable datasets to ensure precision and effectiveness.

This trend is also assisted by the North American regulatory landscape, which favors responsible artificial intelligence practices, increasing the market demand for data sets that are both transparent and free from bias. A similar trend is reflected in California’s Automated Decision Systems Accountability Act (AB-13) which seeks to ensure that AI systems are fair and accountable.

Top Key Companies in AI Training Dataset Market:

The major players in the AI Training Dataset Market include Scale AI (US), Appen (Australia), Lionbridge Technologies (US), AWS (US), and Sama (US), along with SMEs and startups such as Snorkel AI (US), V7 Labs (UK), Alegion (US), Toloka AI (US), and iMerit (US).

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Unifor calls on CN to prioritize passenger rail services

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OTTAWA, ON, Oct. 24, 2024 /CNW/ – Unifor is urging Canadian National Railway (CN) to prioritize the effective management of its rail infrastructure to ensure the safe and efficient operation of VIA Rail’s passenger services.

“This is about CN stepping up to fulfil its obligations to all rail users,” said Unifor National President Lana Payne. “Passenger rail must be prioritized to ensure that services like VIA Rail can operate safely and efficiently.”

Recent speed restrictions on key corridors have raised questions about CN’s accountability to all rail users, especially with minimal government oversight. Unifor maintains that CN has a duty to collaborate more effectively with passenger rail operators. The union argues that CN knew about VIA Rail’s acquisition of new trains and yet failed to engage in proactive discussions to accommodate the necessary adjustments.

“CN’s responsibility goes beyond sending notifications—it must actively facilitate a rail system that accommodates all users. As the owner and primary manager of these tracks, CN has a duty to ensure that passenger services are not compromised,” said Payne.

VIA Rail recently announced delays along the Quebec CityOttawaToronto corridor due to speed restrictions imposed on tracks owned and maintained by CN. The issue has drawn attention to the lack of regulatory oversight and CN’s dominant control over Canada’s rail infrastructure, impacting passenger rail services.

Unifor believes that the government must reassert regulatory oversight to prevent freight operators from sidelining passenger rail services. The union continues to advocate for the investment in passenger rail infrastructure, fair regulation, and a rail network that puts Canadians’ needs first.

Unifor is Canada’s largest union in the private sector, representing 320,000 workers in every major area of the economy. The union advocates for all working people and their rights, fights for equality and social justice in Canada and abroad, and strives to create progressive change for a better future.

SOURCE Unifor

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Axon to Release Third Quarter 2024 Earnings on November 7, 2024

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SCOTTSDALE, Ariz., Oct. 24, 2024 /PRNewswire/ — Axon (Nasdaq: AXON), the global public safety technology leader, today announced that it will report third quarter 2024 financial results after the market closes on Thursday, November 7, 2024. Axon will host a live Zoom video webinar to discuss the company’s financial results at 5 p.m. ET that same day.

The live webinar to discuss financial results, followed by Q&A, will be linked from Axon’s investor relations website at https://investor.axon.com. An archived replay will be available after the call ends. 

Upcoming Conference Participation

The Company also announced that Axon will participate in the following upcoming conferences. If applicable, events will be webcast live and archived on Axon’s investor relations website at https://investor.axon.com.

Northcoast 2024 Fall Management Forum, Wednesday, November 13, 202414th Annual Needham Virtual SaaS 1×1 Conference, Thursday, November 21, 2024Barclays Global Technology Conference, Wednesday, December 11, 2024

About Axon

Axon is a technology leader in global public safety. Our moonshot goal is to cut gun-related deaths between police and the public by 50% before 2033. Axon is building the public safety operating system of the future by integrating a suite of hardware devices and cloud software solutions that lead modern policing. Axon’s suite includes TASER energy devices, body cameras, in-car cameras, cloud-hosted digital evidence management solutions, productivity software and real-time operations capabilities. Axon’s growing global customer base includes first responders across international, federal, state and local law enforcement, fire, corrections and emergency medical services, as well as the justice sector, enterprises and consumers.

Non-Axon trademarks are property of their respective owners. Axon, the Delta Logo, Protect Life and TASER are trademarks of Axon Enterprise, Inc., some of which are registered in the United States and other countries. For more information, visit www.axon.com/legal. All rights reserved.

Follow Axon here:

Axon on X: https://x.com/axon_usAxon on Facebook: https://www.facebook.com/Axon.ProtectLife/Axon on LinkedIn: https://www.linkedin.com/company/axon-protect-life/

Note to Investors

Please visit http://investor.axon.com, https://www.axon.com/presshttps://x.com/axon_us and https://www.facebook.com/Axon.ProtectLife/ where Axon discloses information about the company, its financial information and its business.

CONTACT:
Investor Relations
Axon Enterprise, Inc.
IR@axon.com

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SOURCE Axon

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WASTE CONNECTIONS DEMONSTRATES PROGRESS TOWARDS ESG GOALS IN UPDATED 2024 SUSTAINABILITY REPORT

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TORONTO, Oct. 24, 2024 /PRNewswire/ — Waste Connections, Inc. (TSX/NYSE: WCN) (“Waste Connections” or the “Company”) today released its 2024 Sustainability Report – Connecting with the Sustainable Future. The report demonstrates progress toward the Company’s aspirational ESG targets and sustainability-related objectives.

“2023 was another year of progress towards our sustainability-related goals, which we believe are inextricably linked to our focus on value creation in our business,” said Ronald J. Mittelstaedt, President and Chief Executive Officer. “With a multi-year reduction of 40% in emissions intensity, we have demonstrated that outsized growth is compatible with the achievement of our long-term aspirational ESG targets.”

Mr. Mittelstaedt added, “I would like to thank our 24,000 employees who embody our core values and drive our results. I’m particularly pleased by the notable momentum from reductions in voluntary turnover and the related impacts to safety-related metrics, both of which are showing ongoing improvement in 2024.”

Highlights of the 2024 Sustainability Report include:

Notable Gains in Employee Engagement: Voluntary turnover declined 22% in 2023, with continued improvement in 2024 bringing total declines of over 40% from peak levels in 2022.

Improved Safety Metrics: Incident rates were reduced by 7% in 2023, with ongoing momentum in 2024 bringing a total decline to 13% from 2022 levels.

Emissions Intensity Continues to Decline: Reductions in Scope 1 and 2 emissions intensity of over 40% from the 2019 baseline with absolute emissions down 13%.

Increased Resource Recovery: Continued increases in recycling and biogas recovery and beneficial reuse, including through investments in new facilities.

Reducing Fleet Emissions: Initiated testing of electric vehicles in New York City as part of commercial franchise introduction, with additional units on order.

The Waste Connections 2024 Sustainability Report is available at wasteconnections.com/sustainability or by clicking the following link: Waste Connections 2024 Sustainability Report.

About Waste Connections

Waste Connections (wasteconnections.com) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Waste Connections views its Environmental, Social and Governance (“ESG”) efforts as integral to its business, with initiatives consistent with its objective of long-term value creation and focused on reducing emissions, increasing resource recovery of both recyclable commodities and clean energy fuels, reducing reliance on off-site disposal for landfill leachate, further improving safety and enhancing employee engagement. Visit wasteconnections.com/sustainability for more information and updates on our progress towards targeted achievement.

Safe Harbor and Forward-Looking Information

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 (“PSLRA”), including “forward-looking information” within the meaning of applicable Canadian securities laws. These forward-looking statements are neither historical facts nor assurances of future performance and reflect Waste Connections’ current beliefs and expectations regarding future events and operating performance. These forward-looking statements are often identified by the words “may,” “might,” “believes,” “thinks,” “expects,” “estimate,” “continue,” “intends” or other words of similar meaning. All of the forward-looking statements included in this press release are made pursuant to the safe harbor provisions of the PSLRA and applicable securities laws in Canada. Forward-looking statements involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements about the timing and amount of investments and the ability to meet or exceed long-term, aspirational sustainability targets. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, risk factors detailed from time to time in the Company’s filings with the SEC and the securities commissions or similar regulatory authorities in Canada.  You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.  Waste Connections undertakes no obligation to update the forward-looking statements set forth in this press release, whether as a result of new information, future events, or otherwise, unless required by applicable securities laws.

CONTACT:
Mary Anne Whitney / (832) 442-2253                              Joe Box / (832) 442-2153
maryannew@wasteconnections.com                              joe.box@wasteconnections.com    

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SOURCE Waste Connections, Inc.

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