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Software companies vie for generative AI market share, consumer market expected to generate $11 billion in revenue by 2028
The generative AI market is experiencing explosive growth, expected to grow from $6 billion this year to $59 billion in 2028. The technology is widely used in various fields, including marketing and insurance. However, its rapid growth is accompanied by concerns about its potential risks, including automation of hundreds of millions of jobs and threats to humans. Generative AI is considered an innovative and disruptive technology. It can generate large amounts of complex media such as text, computer code, images or music by learning from online data, thereby improving production efficiency. However, some people have expressed concerns about the potential harm of this technology…- 2.5k