Emergen Research

  The global  generative Artificial Intelligence (AI) market  size was USD 9.74 Billion in 2022 and is expected to register a revenue CAGR of 35.4% during the forecast period, according to latest analysis by Emergen Research. Growing advancements in Machine Learning (ML), Natural Language Processing (NLP), recent advances in generative models such as generative adversarial networks and variational autoencoders, and growing market trend for high level personalization and conversational AI algorithms are some of the major factors driving revenue growth of the generative Artificial Intelligence (AI) market. Generative AI is a type of artificial intelligence that generates original content by utilizing natural language processing, massive training datasets, and advanced AI technologies such as neural networks and deep learning. The biggest change has been the emergence of generative AI, particularly the use of transformers (a kind of neural network) for everything from text and picture gen