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Artificial Intelligence (AI) Chips Market: 51% Growth from North America, Report on AI Impact on Market Trends – Technavio

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NEW YORK, Dec. 12, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global artificial intelligence (AI) chips market size is estimated to grow by USD 389.25 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of over 68.13% during the forecast period.

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Report Attribute

Details

Base Year

2023

Forecast period

2024-2028

Historic Data for

2018 – 2022

Segments Covered

Product (ASICs, GPUs, CPUs, and FPGAs), End-user (Media and advertising, BFSI, IT and telecommunication, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Key Companies Covered

Advanced Micro Devices Inc., Alphabet Inc., Baidu Inc., Broadcom Inc., Cerebras, Fujitsu Ltd., Graphcore Ltd., Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., MediaTek Inc., Microchip Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., SambaNova Systems Inc., Samsung Electronics Co. Ltd., SenseTime Group Inc., Taiwan Semiconductor Manufacturing Co. Ltd., and Tesla Inc, NVIDIA Corporation, Advanced Micro Devices, Inc., Intel Corporation, Micron Technology, Inc., Google, SK HYNIX INC., Qualcomm Technologies, Inc., Samsung, Huawei Technologies Co., Ltd., Apple Inc., Imagination Technologies, Graphcore, Cerebras, Mythic, Kalray, Blaize, Groq, Inc., HAILO TECHNOLOGIES LTD., GreenWaves Technologies, SiMa Technologies, Inc

Regions Covered

North America, Europe, APAC, South America, and Middle East and Africa

Region Outlook

North AmericaEuropeAsiaRest of World

1. North America – North America is estimated to contribute 51%. To the growth of the global market. The Artificial Intelligence (Ai) Chips Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. 

The AI chip market in North America is experiencing significant growth due to increasing investments in autonomous vehicle technology. Advanced systems such as ADAS, HUD, LiDAR, and RADAR, integrated into these vehicles, generate and process vast amounts of real-time data. In response, chip manufacturers are heavily investing in research and development of AI chips tailored for autonomous vehicles. Major automotive original equipment manufacturers (OEMs) are working on commercializing autonomous vehicles, creating lucrative opportunities for AI chip manufacturers to capitalize on this emerging market.

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Segmentation Overview

Product 1.1 ASICs1.2 GPUs1.3 CPUs1.4 FPGAsEnd-user 2.1 Media and advertising2.2 BFSI2.3 IT and telecommunication2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

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1.1 Fastest growing segment:

Artificial Intelligence (AI) chips, specifically Application-Specific Integrated Circuits (ASICs), are becoming increasingly popular in data center applications due to their superior performance and speed. ASICs are customized, non-configurable chips that offer an instruction set and libraries for local data processing, acting as an accelerator for parallel algorithms. Google’s Tensor Processing Unit (TPU) is a prime example, designed for deep neural networks and already in use for Google Search and Google Street View. ASICs provide faster performance than GPUs, FPGAs, and CPUs, making them a preferred choice for data centers. TPUs have an instruction set that allows TensorFlow programs to be modified and new algorithms to be developed, making them a valuable asset for managing data effectively. The use of ASIC-based AI chips is expected to witness significant growth in the forecast period.

Research Analysis

Artificial Intelligence (AI) Chips Market: The global AI Chips Market is experiencing significant growth due to the increasing adoption of AI technologies in various industries. Deep learning and machine learning algorithms are driving the demand for AI chips, which are specialized hardware components designed to accelerate AI computations. These chips are essential for robotics, quantum computing, and advanced AI applications. The market includes CPU, FPGA, GPU, System on Chip (SoC), and Multichip Module (MCM) solutions. AI chips are finding applications in sectors like healthcare, retail, finance, automotive, autonomous vehicles, IoT devices, and more. High-performance AI chips are crucial for training generative AI models and powering supercomputers. Ethical concerns surrounding AI are also fueling the development of specific integrated circuits. Key technologies include highbandwidth memory and Trainium2 chip. The market is evolving with the shift from cloud to edge computing.

Market Overview

Artificial Intelligence (AI) Chips Market: Overview The AI Chips Market is witnessing significant growth due to the increasing demand for advanced AI technologies such as deep learning and machine learning in various industries. AI chips are specialized hardware components designed to accelerate AI algorithms and technologies, including neural networks, quantum computing, and cognitive computing. These chips are essential for powering AI applications in robotics, computer vision, natural language processing, and other fields. The market for AI chips includes various types of hardware components, such as CPUs, GPUs, FPGAs, ASICs, DSPs, and microcontrollers. Companies are investing heavily in the development of AI chip lines, including Nvidia’s A100 chip, Ascend 910B chipset, and H200 chipset, to meet the growing demand for energy-efficient and high-performance AI solutions. AI applications are widespread across industries, including healthcare, retail, finance, automotive, and manufacturing. The use of AI in healthcare for health monitoring, health information access, personalized health, and treatment devices is gaining popularity, especially for the elderly population. In retail, AI is used for customer behavior analysis, inventory management, and personalized marketing. In finance, AI is used for fraud detection, risk assessment, and algorithmic trading. The automotive industry is also adopting AI technologies for autonomous vehicles, advanced driver assistance systems, and connected cars. The use of AI in manufacturing machines, smart homes, and IoT devices is increasing, leading to the growth of AI data centers and edge computing. However, ethical concerns surrounding AI and the potential for system failure or malfunctioning are major challenges for the market. The development of specific integrated chips and multichip modules is a potential solution to address these challenges. The AI Chips Market is expected to continue growing due to the increasing demand for real-time applications, low latency, and big data processing. The market is also being driven by the development of generative AI, large language models, and other advanced AI technologies. The use of AI in mobile applications, gaming consoles, and personal computers is also expected to drive market growth. In conclusion, the AI Chips Market is a rapidly growing market, driven by the increasing demand for advanced AI technologies and applications across various industries. The market is expected to continue growing due to the development of energy-efficient and high-performance AI solutions, the increasing use of AI in various industries, and the growing demand for real-time applications and low latency. However, ethical concerns and the potential for system failure or malfunctioning are major challenges that need to be addressed.

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Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
11.1 NVIDIA Corporation
11.2 Advanced Micro Devices, Inc
11.3 Intel Corporation
11.4 Micron Technology, Inc
11.5 Google, SK HYNIX INC
11.6 Qualcomm Technologies, Inc
11.7 Samsung, Huawei Technologies Co., Ltd
11.8 Apple Inc
11.9 Imagination Technologies
11.10 Graphcore
11.11 Cerebras
11.12 Mythic
11.13 Kalray
11.14 Blaize
11.15 Groq, Inc
11.16 HAILO TECHNOLOGIES LTD
11.17 GreenWaves Technologies
11.18 SiMa Technologies, Inc
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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GDIT Awarded Mission Partner Environment Contract

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Company will implement innovative Mission Partner Environment to securely share information with global mission partners

FALLS CHURCH, Va., Dec. 20, 2024 /PRNewswire/ — General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today it was awarded a new $5.6 billion contract by the Air Force Mission Partner Capabilities Office. The single award, indefinite-delivery indefinite-quantity contract, awarded in November, has a five-year base period and a five-year option.

Mission Partner Environments (MPEs) enable the military and its trusted partners to securely communicate, collaborate and share information at multiple levels of classification in real time so decision makers can rapidly adapt to changing mission dynamics.

Under the contract, GDIT will modernize, integrate, operate and sustain the Department of Defense’s MPE. The company will provide a portfolio of services including mission, cyber and enterprise IT services and infrastructure. This contract will also advance interoperability – the ability to seamlessly connect multiple systems together – with U.S. government and non-government entities and international coalition partners in support of the National Defense Strategy.

“The complexity of global threats necessitates the urgency to create agile, secure and seamless information-sharing environments with our trusted partners,” said Amy Gilliland, GDIT’s president. “We look forward to implementing an integrated Mission Partner Environment that will serve as a blueprint for future efforts across the Department of Defense.”

GDIT has more than three decades of experience delivering some of the largest MPE programs globally. This includes operating the largest coalition intelligence sharing program in the world as well as implementing an MPE network for U.S. Army Europe and Africa. At Talisman Sabre 2023, the company also demonstrated the first ever Zero Trust exercises to enable rapid, secure and seamless data sharing between global mission partners in battlefield environments with limited to no internet connectivity.

GDIT is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $42.3 billion in revenue in 2023. More information about General Dynamics Information Technology is available at www.gdit.com. More information about General Dynamics is available at www.gd.com.

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SOURCE General Dynamics

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Stop Fraud at the Bank Counter: Techie Nesters Calls on Canada’s Banks to Step Up

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COLLINGWOOD, ON, Dec. 20, 2024 /CNW/ – As online fraud and scams targeting older adults reach alarming levels, Techie Nesters, a trusted advocate for older adults, is calling on Canada’s banks to take more active steps to stop fraud before it’s too late.

Despite free fraud support calls and educational sessions at community hubs like Collingwood’s Leisure Time Club, fraudsters continue to exploit seniors, often using tactics that lead them directly to the bank counter. According to Techie Nesters Founder & Chief Compassion Officer, Jenn Gerynowicz, the fight against fraud requires immediate intervention:

Fraud can happen to anyone—even those equipped with knowledge about what to watch for. Stress, panic, or confusion in tough economic times make seniors especially vulnerable. Banks have the opportunity to step in as the last line of defense before their money is gone forever.”

The Last Stop Before the Scam: The Bank Counter

When fraud involves in-person cash withdrawals, the bank is often the last chance to intervene. Techie Nesters has engaged with bank managers and found some positive practices—fraud prevention pamphlets, revised teller scripts, and ATM warnings. However, much more can be done to protect seniors from devastating scams:

Signage Issues: Many banks focus counter signage on promotions like card-linking discounts rather than critical fraud warnings.

Missed Opportunities: Questions like, “Has someone sent you here to take cash to a Bitcoin machine?” are missing from in-branch messaging. 

“Imagine if the signage at the bank counter directly addressed common scam tactics and talked overtly about bitcoin,” says Gerynowicz. “Instead of promoting rewards programs, they could literally save someone’s life savings by asking the right questions.”

The Hidden Burden: Financial Theft and Unfair Bank Practices

Seniors victimized by theft often face further harm from banks imposing high fees and interest rates on negative balances caused by fraud.

“Imagine having your life savings stolen, and instead of support, you’re hit with endless penalties on money you didn’t even spend,” says Gerynowicz. “These punitive fees are devastating for seniors on fixed incomes, often causing missed payments and compounding debt.”

Techie Nesters is calling on banks to waive these fees for fraud victims, implement policies that prevent further harm, and provide specialized teams to assist older adults in recovering financially after theft.

A Real-Life Example

Take the case of Mary (name changed for privacy), an older adult who recently reached out to Techie Nesters after believing she had fallen victim to a scam. Hackers had deposited a cash advance from her Visa card into her chequing account, convincing her it was an accidental overpayment. She was instructed to withdraw the funds in cash and repay them via a Bitcoin machine at a local convenience store. Despite having a small balance, the scammers manipulated her into withdrawing $3,000, an amount far beyond her typical activity.

Mary shared, “I was very disappointed by my bank’s lack of interest or cooperation. I have been with them for over six decades and was treated with a lack of respect—even to the point of hanging up on Techie Nesters who I authorized to speak for me while I was crying and panicking about the loss of money. The bank should have flagged that I’m not in the habit of taking cash advances. They didn’t ask me why I was withdrawing such a large amount in cash, and when I was told by the scammers to say it was for Christmas presents, no one questioned it. So many opportunities to stop this scam were missed.”

When Techie Nesters attempted to advocate for Mary with her bank, the institution refused to cooperate, leaving her to pay interest on the cash advance. Adding insult to injury, Mary found herself unable to transfer funds between her Visa and chequing accounts to cover overdraft fees—a process the scammers had completed without her knowledge or approval.

Mary added, “The bank needs people who are supportive, patient, and equipped to deal with seniors who have been scammed. They need to explain the steps they will take to help, instead of treating compassionate companies like Techie Nesters, who are there to assist, with such disregard.”

Techie Nesters’ Call to Action for Banks

The need for banks to act is now, especially during the holiday season, when scams targeting seniors tend to increase. Techie Nesters is urging banks across Canada to adopt these straightforward measures to protect seniors:

Fraud Alert Signage:

Place visible, direct signs at bank counters and ATMs asking questions like:

“Are you here today because someone told you to take out cash?””Are you being asked to send money to a Bitcoin machine?””Did someone instruct you to say the money is for Christmas presents or Home Improvements?”

     2. Branch-Level and Nationwide Advertising Campaigns:

Launch bold campaigns with clear messaging:

Bitcoin payments? It’s a scam.””Gift cards are common fraud cards.””Pause. Think. Protect your money.”

     3. Dedicated Customer Service Representatives in Line-Ups:

Assign trained fraud prevention reps to engage with customers in line. Casual conversations can flag potential scams before the transaction occurs.

Techie Nesters: Immediate Support for Older Adults

Techie Nesters offers free calls for older adults unsure about suspicious online requests, emails, or phone calls at 1-833-613-N-E-S-T (6378). Their community education sessions empower seniors and their families to recognize red flags before it’s too late.

“We meet older adults where they are, both online and in person, but we can’t fight this battle alone,” says Gerynowicz. “We need banks to step up in this fight.”

Join the Movement This Christmas

Techie Nesters believes Canada’s banks can make a monumental difference by implementing these simple measures, especially since the holiday season is a time when seniors are particularly vulnerable to scams. Together, we can protect Canada’s older adults from fraud and ensure they are treated with the dignity and care they deserve.

For more information about Techie Nesters and their work to help older adults age well, visit www.techienesters.com.

About Techie Nesters:

Techie Nesters is a virtual retirement community dedicated to helping older adults stay connected, live independently or interdependently in their own homes longer, and foster meaningful social connections. Through education, technology integration, community engagement, and a network of supportive members, Techie Nesters empowers older adults to age well. Members assist each other with household tasks, errands, and transportation services, reducing financial burdens and promoting a sense of community.

SOURCE Techie Nesters Inc.

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Net Health Looks Ahead to 2025 with Continued Momentum as a Leading Health Tech Partner

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Business wins, strategic collaborations, and renewed commitment to client partnership highlight a year of transformation

PITTSBURGH, Dec. 20, 2024 /PRNewswire/ — Net Health, a trusted source for specialized software solutions that empower restorative care providers across the continuum of care, is entering 2025 with impressive momentum driven by a year of transformative leadership. Through rebranding initiatives, partnerships and collaborations, and award recognitions, the company has redefined its organizational vision, advanced its mission to deliver impactful healthcare solutions, and solidified its position as a leader in the healthcare technology space.

“As we reflect on a year of growth, it’s clear that Net Health is uniquely positioned to redefine how technology supports providers and patients,” said Ron Books, CEO of Net Health. “From initiating industry-shaping partnerships to delivering effective solutions to clients, our achievements in 2024 are a testament to our team’s dedication. We’re entering 2025 on a high note and remain focused on advancing the future of healthcare through collaboration and a relentless commitment to delivering better outcomes for providers.”

Improving Clarity of Purpose:
In 2024, Net Health renamed its products to make it easier for clients and prospects to understand the solutions it offers. The change reintroduced familiar and trusted names; it reflects Net Health’s commitment to supporting providers with offerings tailored to their unique needs. Changes include:

A return to trusted health tech names:Net Health Optima replaced Therapy for Senior Living and Therapy for Skilled Nursing.Net Health ReDoc replaced Therapy for Hospitals.Net Health TherapySource replaced Therapy for Clinics.Net Health WoundExpert replaced Wound Care. Tissue Analytics was unchanged.Improved clarity:FOTO Analytics replaced FOTO Patient Outcomes.Value-Based Care Solutions replaced PointRight, offering specialized software, analytics, and support to drive success in value-based care for skilled nursing facilities, states, and payers.

The company also unveiled an updated brand and website to more clearly define Net Health.

Building Partnerships:
Net Health continued to forge impactful partnerships and achieve significant milestones. Through collaborations with innovative companies and longstanding clients, Net Health found ways to drive progress in healthcare technology and service delivery.

Artificial Intelligence (AI) integration with Tali.ai: Net Health announced a collaboration with Tali.ai, enabling the company to offer ambient documentation directly inside its products. This collaboration will integrate Tali’s advanced capabilities into select Net Health platforms, including Optima, ReDoc, TherapySource, and WoundExpert. While the partnership is in its early stages, it paves the way for introducing cutting-edge ambient documentation solutions, reinforcing the company’s dedication to improving workflows and patient outcomes.

Data and AI Governance Plan Launched: Net Health introduced a comprehensive Data and AI Governance Plan to ensure the ethical, transparent, and secure use of data and AI technologies. This framework integrates data and AI governance, emphasizing data integrity, compliance with standards like GDPR and HIPAA, and alignment with ONC’s DSI certification requirements. By fostering trust, mitigating risks, and driving operational excellence, this plan enhances the accuracy of AI-driven tools and supports better outcomes for Net Health’s clients.

Accelerating Business Growth:
Net Health renewed and built vital client partnerships with many of the most important providers of restorative care by understanding how technology helps meet their ever-growing needs. Net Health products are built for reimbursement consistency, efficiency gains, and insights that lead to growth. Key wins in 2024 include:

Rock Valley Physical Therapy: Net Health TherapySource is now live across over 60 Rock Valley Physical Therapy locations, supporting over 400 users. This implementation highlights the collaboration and ability of Net Health’s Product Management, Engineering, Client Success, and Implementation teams, delivering a seamless rollout and strong early results. The partnership with Rock Valley has already expanded, with 21st Century joining under the Rock Valley MSA to use TherapySource as its core practice management platform. As part of the Midwest Therapy Network, this addition marks a new phase of growth, with Rock Valley’s influence paving the way for broader TherapySource adoption among independent practices in the network.

Expanded Partnerships and Record-Breaking Bookings: In 2024, the Net Health WoundExpert team achieved a record-breaking month in incremental sales bookings, including wins at notable local and regional hospitals. In addition, the Net Health Tissue Analytics team renewed and expanded its partnership with Intermountain Healthcare, securing a multi-year contract including eight additional hospitals and solidifying its position within a major healthcare network. The team also expanded its presence in post-acute care with new revenue through WoundExpert deployments.

State Medicaid VBP Programs: The Value-Based Care Solutions team achieved a record-breaking October in new bookings for State Medicaid VBP programs in the Hospital and Primary Care settings. In 2024, Net Health Value-Based Care Solutions secured record-breaking new annual recurring revenue through contracts with managed care organizations.

Occupational Health Business Growth: In 2024, Occupational Health surpassed annual sales targets in year-to-date sales bookings, highlighting its success in delivering the technology customers need to be successful and underscoring its commitment to growth. This included numerous client expansions in both Employee Health and Occupational Medicine, strengthening our partnership with clients. The team also focused on migrations of clients to our hosting platform, providing the advantage of security and stability while lowering their total cost of ownership. Occupational Health is growing at a responsible pace that aligns with providing maximum value to clients.

Recognition of Excellence: 
Net Health received several accolades that highlight its work in advancing wound assessment technology.

Merit Awards: Tissue Analytics was recognized with the Gold Award for Mobile Digital Health Resources in the 2024 Merit Awards, honoring excellence across industries.

SaaS Awards: Tissue Analytics was named a finalist for Best SaaS Healthcare Product in the 2024 SaaS Awards.

Strengthening Our Commitment to Clients:
Net Health’s commitment to partnership gained momentum in 2024, helping to expand communications with clients and provide opportunities to influence the direction of product innovation. These initiatives include:

Net Health NEXT: The inaugural Net Health NEXT Client Conference highlighted technology that can better connect patients, payers, and providers; offered hands-on product training forums; and provided insight into what’s to come for electronic health records (EHRs).
 Client and Product Advisory Boards: Net Health sales and product leaders launched Client Advisory Boards and Product Advisory Boards to ensure active collaboration with clients. The boards are an opportunity to help shape product roadmaps and sales/implementation processes.

Coming Soon: In 2025, Net Health will host the second annual Net Health NEXT 2025 Client Conference in Austin, Texas, at The Line Hotel. The two-day event will feature industry insights, hands-on training, and discussions designed to empower practices and enhance patient care.

About Net Health 
Net Health is a trusted source for more than 25,000 healthcare organizations across the continuum of care. Our specialized software solutions enable restorative care providers and their organizations to improve both patient outcomes and financial performance. Over 30 years of expertise in wound care and rehab therapy inform our electronic health record (EHR) software, patient engagement tools, and predictive analytics. Our technology platforms help administrators manage workflow, specialists engage with patients, and executives drive business growth. Net Health is a portfolio company of The Carlyle Group, Level Equity, and Silversmith Capital Partners. Learn more at www.nethealth.com

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SOURCE Net Health Systems, Inc.

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