Generative AI market surpasses $66b, with Open AI and Meta AI dominating 56% share

According to Stocklytics.com, the generative AI market exceeded the $66 billion mark, with Open AI and Meta AI flagging their domination of 56% market share.

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The site’s financial analyst, Edith Reads, comments:

“The start of Chat GPT in 2022  was the first plunge into generative AI development. Since then, nearly every tech giant, from Microsoft to Google to Amazon, has leaped the Generative AI bullet train. The recent increase in revenue is a testament to these tech titans’ intensifying interest in the field. With the industry bound to gain more support, the overall generative market is expected to secure nearly $ 207 billion by 2030 with a 20.8% CAGR.

“Big tech giants like Microsoft, Google, and Amazon have played a massive role in the proliferation of Generative AI. Microsoft is at the front line with its foray of investments into Open and Meta AI.”

The full story and statistics can be found here: Generative AI Market Surpasses $66 Billion, with Open AI and Meta AI Dominating 56% Share