Gartner estimates global AI chip revenue to reach $71 billion in 2024

Leading market reseacher Gartner has come out with its latest study on AI system market where it forcasts the global AI semiconductor market by revenue to reach $71 billion in 2024, an increase of 33% from 2023. Further points shared by Gartner includes: Value of AI Accelerators in Servers to Total $21 Billion in 2024 Compute Electronics to Account for 47% of Total AI Chips Revenue Market By End of 2026, 100% of Enterprise PC Purchases Will Be an AI PC Revenue from AI semiconductors globally is expected to total $71 billion in 2024, an increase of 33% from 2023, according to the latest forecast from Gartner, Inc. “Today, generative AI (GenAI) is fueling demand for high-performance AI chips in data centers. In 2024, the value of AI accelerators used in servers, which offload data processing from microprocessors, will total $21 billion, and increase to $33 billion by 2028,” said Alan Priestley, VP Analyst at Gartner. Gartner forecasts AI PC shipments will reach 22% of the total PC shipments in 2024, and by the end of 2026, 100% of enterprise PC purchases will be an AI PC. AI PCs include a neural processing unit (NPU) enabling AI PCs to run longer, quieter and cooler and have AI tasks running continually in the background, creating new opportunities for leveraging AI in everyday activities. While AI semiconductor revenue will continue to experience doub...