Market Share of Artificial Intelligence Industry
The artificial intelligence market is highly fragmented, with the presence of major players like IBM Corporation, Intel Corporation, Microsoft Corporation, Google LLC (Alphabet Inc.), and Amazon Web Services Inc. Players in the market are adopting strategies such as partnerships, innovations, mergers, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- March 2024 - IBM has announced an expansion of its technical expert laboratory capacity in India, emphasizing its commitment to bolstering businesses in a fiercely competitive landscape. The focus is on enabling clients to harness the full potential of artificial intelligence, hybrid cloud, and cybersecurity technologies.
- January 2024 - Oracle unveiled the widespread availability of its Oracle Cloud Infrastructure (OCI) Generative AI service. This service comes with new features designed to simplify how businesses harness the cutting-edge capabilities of generative AI. The OCI Generative AI service, a fully managed offering, smoothly incorporates large language models (LLMs) sourced from Cohere and Meta Llama 2, catering to a spectrum of business needs.
Artificial Intelligence Market Leaders
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IBM Corporation
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Intel Corporation
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Microsoft Corporation
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Google LLC. (Alphabet Inc.)
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Amazon Web Services Inc. (amazon.com Inc.)
*Disclaimer: Major Players sorted in no particular order
