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Artificial Intelligence (AI) Chips Market size is set to grow by USD 389.25 billion from 2024-2028, Increasing adoption of AI chips in data centers to boost the market growth, Technavio

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NEW YORK, July 9, 2024 /PRNewswire/ — The global artificial intelligence (AI) chips market is estimated to grow by USD 389.25 billion from 2024-2028, at a CAGR of over 68.13%, according to Technavio. Increasing adoption of AI chips in data centers and the convergence of AI and IoT are driving market growth. However, a dearth of technically skilled workers poses a challenge. Key players include Advanced Micro Devices Inc., Alphabet Inc., Baidu Inc., Broadcom Inc., Cerebras, Fujitsu Ltd., Graphcore Ltd., Huawei Technologies Co. Ltd., Intel Corp., and NVIDIA Corp., the leader in the AI chip market.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (ASICs, GPUs, CPUs, and FPGAs), End-user (Media and advertising, BFSI, IT and telecommunication, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Advanced Micro Devices Inc., Alphabet Inc., Baidu Inc., Broadcom Inc., Cerebras, Fujitsu Ltd., Graphcore Ltd., Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., MediaTek Inc., Microchip Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., SambaNova Systems Inc., Samsung Electronics Co. Ltd., SenseTime Group Inc., Taiwan Semiconductor Manufacturing Co. Ltd., and Tesla Inc.

Key Market Trends Fueling Growth

The Internet of Things (IoT) market is experiencing significant growth due to the numerous advantages it offers in various industries, including aerospace and defense, automotive, consumer electronics, healthcare, and others. IoT devices, which include cameras, drones, smart speakers, smartphones, smart TVs, and more, are increasingly integrating Human-Machine Interface (HMI) technologies. This integration leads to the deployment of Artificial Intelligence (AI) chips in IoT devices, enabling power-efficient data processing and machine learning computation. The demand for IoT devices is escalating due to the focus on smart city projects and automation in homes and enterprises. Market players are collaborating to develop software and hardware solutions to integrate AI technology in IoT devices, driving the growth of the AI chips market in the forecast period. 

Artificial Intelligence (AI) chips are making waves in various industries by powering innovative applications in personalized health and treatment devices for the elderly population. Machine Learning (ML) and Deep Learning (DL) are driving this trend, with computer vision technologies like pose detection and behavioral pattern recognition becoming increasingly important. Structured data from IoT devices, Industry 4.0 manufacturing, wearable devices, smart homes, and connected cars are fueling this growth. AI chips are being integrated into processors, GPUs, FPGAs, CPUs, ASICs, DSPs, microcontrollers, and programmable logic chips to handle the demands of AI applications. These chips enable high-quality images, animations, and videos in mobile phones, embedded systems, personal computers, gaming consoles, and more. The theoretical and algorithmic basis of AI is being transformed by automatic analysis, extraction, and estimation of single images and sequences of images. 

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Market Challenges

The AI chips market is witnessing significant growth due to the potential revenue benefits that companies can derive from investing in artificial intelligence. However, the implementation of AI comes with challenges, particularly the shortage of skilled workers with expertise in AI technology. This talent gap poses a major obstacle for enterprises seeking to integrate AI into their operations. The high R&D costs associated with AI and the lack of available talent are hindering the growth of the market. To overcome this hurdle, organizations must prioritize talent acquisition and retention, recruiting professionals with strong technical backgrounds and investing in skill development programs. The shortage of AI engineers and technicians is hindering the deployment of AI in enterprises, thereby limiting market growth during the forecast period.The Artificial Intelligence (AI) Chips Market is experiencing significant growth due to the increasing demand for energy-efficient solutions for AI applications in various industries such as healthcare, retail, finance, automotive, and IoT devices. Companies like Nvidia and Huawei are leading the market with their AI chip lines, including the Nvidia A100 chip and Huawei Ascend 910B chipset. However, challenges such as energy efficiency, latency, and ethical concerns remain. Centralized cloud servers from Microsoft Azure, Amazon Web Services, Google Cloud, and Oracle Cloud Infrastructure offer high computing power but face challenges with real-time applications and big data processing. Edge computing and Edge devices are gaining popularity for their ability to process data locally, reducing latency and improving performance. Patent filing and system failure are also concerns for companies investing in AI chips. Specific integrated circuits like CPU, FPGA, GPU, and system on chip, multichip module, and high computing parallel computing are essential for AI data centers, cognitive computing, machine intelligence, image recognition, and other AI applications. Ethical concerns around AI use in mobile applications, health monitoring, and health information access are becoming increasingly important. The market for AI chips is expected to continue growing, with continued innovation and investment in this area.

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Segment Overview 

This artificial intelligence (AI) chips market report extensively covers market segmentation by

Product 1.1 ASICs1.2 GPUs1.3 CPUs1.4 FPGAsEnd-user 2.1 Media and advertising2.2 BFSI2.3 IT and Telecommunication2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 ASICs-  Artificial Intelligence (AI) chips, specifically Application-Specific Integrated Circuits (ASICs), are driving innovation in the tech industry. ASICs are customized, non-configurable chips that offer faster performance than GPUs and FPGAs for parallel algorithms. Their use in cloud-based data centers is increasing, as ASIC-based AI chips, like Google’s Tensor Processing Unit (TPU), provide superior speed and efficiency. TPUs, a network of software and hardware, are designed for deep neural networks and can learn specific tasks with large data sets. Data centers are integrating these ASICs into servers to manage data effectively. TPUs have an instruction set that allows TensorFlow programs to be modified, enabling new algorithms to be developed. As an open-source machine learning library, TensorFlow’s data flow graph structure simplifies complex computations, making ASICs a preferred choice for AI applications. The market for ASIC-based AI chips is expected to grow significantly due to their performance advantages.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

Artificial Intelligence (AI) Chips Market: The global AI Chips Market is experiencing significant growth due to the increasing adoption of AI technologies in various industries. Deep learning and machine learning algorithms require specialized hardware components, leading to the development of AI chips. These chips are designed to accelerate AI workloads and improve the performance of AI applications. AI chips include specific integrated circuits like CPUs, GPUs, FPGAs, and system on chips. Quantum computing is also emerging as a potential technology to enhance AI capabilities. The market for AI chips is expanding across sectors such as healthcare, retail, finance, automotive, autonomous vehicles, IoT devices, and more. However, ethical concerns surrounding AI and its impact on jobs are raising questions about the future of this technology. High bandwidth memory and Trainium2 chip are some of the advanced hardware components driving the market. The market is segmented into cloud and edge computing, with the edge computing segment expected to grow due to the increasing demand for real-time AI processing.

Market Research Overview

Artificial Intelligence (AI) Chips Market: An Overview The AI Chips Market is witnessing significant growth due to the increasing demand for advanced AI technologies, such as deep learning and machine learning, in various industries. AI chips are specialized hardware components designed to accelerate AI algorithms and technologies, including neural networks, quantum computing, and cognitive computing. These chips are essential for powering AI applications in robotics, computer vision, natural language processing, and generative AI. The market for AI chips includes a range of hardware components, such as CPUs, GPUs, FPGAs, and system on chips, each with unique advantages in terms of energy efficiency, parallel computing, and high computing power. Major applications of AI chips include data processing in centralized cloud servers and edge devices, real-time applications, big data analysis, and AI applications in healthcare, retail, finance, automotive, and IoT devices. Ethical concerns surrounding AI technologies and potential system failures or malfunctioning are also driving the development of more energy-efficient and reliable AI chips. Some of the emerging trends in the AI Chips Market include the development of AI chip lines, such as Nvidia’s A100 chip and Ascend 910B chipset, and H200 chipset, as well as the integration of high bandwidth memory and quantum computing technologies. The market is also witnessing the growth of edge computing and the increasing use of AI in industries such as manufacturing, wearable devices, smart homes, and connected cars. In conclusion, the AI Chips Market is a dynamic and rapidly evolving field, driven by the increasing demand for AI technologies in various industries and the need for more energy-efficient and reliable hardware components. The market is expected to continue growing in the coming years, with new innovations and applications emerging in areas such as healthcare, finance, and autonomous vehicles.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductASICsGPUsCPUsFPGAsEnd-userMedia And AdvertisingBFSIIT And TelecommunicationOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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PopTake joins Stamina Group’s media network through strategic partnership with View the VIBE

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Hosted by Hugo Filipe and Mikael Melo, the Canadian pop culture podcast enters a new chapter as “PopTake, powered by View the VIBE,” with ambitions to reach audiences across Canada and beyond.

TORONTO, Oct. 26, 2026 /CNW/ — Canadian pop culture podcast PopTake, hosted by Hugo Filipe and Mikael Melo, has officially joined Stamina Group’s media network through a strategic partnership with View the VIBE. The collaboration brings together two entertainment-focused platforms with a shared passion for culture, community and storytelling, with plans to expand PopTake’s reach nationally and explore international distribution opportunities.

Now operating as “PopTake, powered by View the VIBE.” Your hot takes on music, pop culture and life. The show will benefit from the publication’s established Canadian audience, editorial platform and industry/distribution relationships while maintaining the independent voice and creative chemistry that have become its signature.

The partnership also builds on Stamina Group’s experience bringing Canadian-produced content to international audiences. Through its globally distributed video podcast Gents Talk, which has secured placement on airline entertainment systems worldwide and through other transportation syndication partners, Stamina Group has established relationships it hopes to leverage to introduce PopTake to audiences beyond Canada.

“Building Stamina Group has always been about amplifying creative voices and connecting audiences through meaningful content,” says Steven Branco, Founder & Chief Creative Officer, Stamina Group Inc. and Editor-in-Chief, View the VIBE. “With PopTake’s focus on pop culture and View the VIBE’s roots in community, culture and entertainment, the partnership felt like a natural fit. Hugo and Mikael have built something special, and we’re excited to help take it further. Building on the international success of Gent’s Talk and our global distribution partnerships, we see an opportunity to bring PopTake to audiences across Canada and around the world.”

Two best friends, plenty of hot takes

Launched in April 2025, PopTake is a weekly entertainment podcast covering music, film, television, celebrity culture and life. Hosted by longtime friends Hugo Filipe and Mikael Melo, the show combines candid commentary, celebrity interviews and social-first content with the energy of a group chat.

Now in its second season, PopTake has built a growing presence on Canada’s entertainment circuit, covering major events including TIFF, the JUNO Awards, the Canadian Screen Awards and Osheaga. Its celebrity interviews have featured the likes of Zara Larsson, Katy Perry, Chloe Bailey, JADE, Perrie Edwards, FLO, Sofi Tukker, Patrick J. Adams, Eric McCormack, Lauren Ash, Simple Plan and Holly Humberstone, and more.

The show also features recognizable segments including Backtrack, where artists identify their songs played backwards; This or That, a rapid-fire celebrity interview format where artists must choose between their own songs; and HotTake or FlopTake, featuring the hosts’ weekly pop culture verdicts.

“PopTake started as two best friends who couldn’t stop talking about pop culture, so we hit record,” says Hugo Filipe, Co-Founder & Co-Host, PopTake. “Partnering with View the VIBE puts our takes in front of an audience that loves this stuff, as much as we do.”

“We strike the balance between professional and fanboy,” adds Mikael Melo, Co-Founder & Co-Host, PopTake . “Our podcast feels like your two internet besties gushing over your favourite artists, and every now and then, we get to interview them. Asking the questions fans actually want answered.”

Beyond the podcast, both hosts bring established entertainment and creative industry experience.

Hugo Filipe is a Toronto-based creative director, photographer and entrepreneur. He leads Mister Mister, a creative studio with clients including H&M, RBC, OVO and Campbell’s, and owns Nosso Studio, which operates two creative spaces in Toronto.

Mikael Melo is a Canadian Screen Award-winning producer, reporter and digital creator whose credits include ET Canada, Big Brother Canada and The Social. He has interviewed international stars including Katy Perry, Olivia Rodrigo and Florence Pugh, and collaborated with brands including Paramount+, Samsung, Sony Pictures and Universal Music Canada.

What’s next for PopTake?

Through the partnership, PopTake will continue producing its weekly podcast and signature social-first content, while exploring expanded editorial collaborations, new sponsors, celebrity interviews, event coverage, branded entertainment opportunities, in-person events and new distribution channels.

The addition of PopTake further strengthens Stamina Group’s growing portfolio of International media properties, which includes View the VIBE, WanderEater, Gent’s Post and the internationally distributed and acclaimed video podcast, Gent’s Talk.

NOTE TO EDITORS

High-resolution photos and more are available here, including portraits, hero imagery, BTS, logo files and more. Please credit PopTake/Stamina Group accordingly.

About PopTake

PopTake is a Canadian pop culture and entertainment podcast hosted by best friends Hugo Filipe and Mikael Melo. Every week, the pair deliver fresh perspectives and unfiltered hot takes on the biggest stories in music, film, TV and celebrity culture. Beyond the weekly episode, PopTake has built a reputation for social first interviews and red carpet coverage, from the JUNO Awards and the Canadian Screen Awards to TIFF and Osheaga, with signature segments like Backtrack, This or That and HotTake or FlopTake. PopTake brings the energy of a group chat to the biggest names in pop. PopTake is powered by View the VIBE, part of the Stamina Group media network.

For more, visit PopTake on YouTube, Apple Podcasts, Spotify, Instagram, TikTok and everywhere you stream your podcasts or PopTakePodcast.com.

About View the VIBE

Established in 2010, View the VIBE is a leading Canadian digital lifestyle and entertainment publication delivering fresh, engaging and culturally relevant content. Known for its fun, edgy and informative approach to storytelling, the platform covers food, hospitality, fashion, entertainment, pop culture and lifestyle through original editorial, video, social storytelling and live experiences. For over 15 years, View the VIBE has connected audiences with the people, places, trends and cultural conversations shaping Toronto, Canada and beyond. Proudly owned and operated by Stamina Group Inc., View the VIBE continues to deliver its signature perspective on culture, community and, of course, the best VIBES.

For more, visit ViewtheVIBE.com.

About Stamina Group Inc.

Stamina Group Inc. (STAMINA) is a privately owned Canadian media, communications and creative production company specializing in award-winning digital-first content, original storytelling and unique brand experiences. Founded and led by award-winning creative multihyphenate and on-air lifestyle expert Steven Branco, STAMINA owns, operates or partners with a growing network of Canadian media brands and platforms, including View the VIBE, WanderEater, Gent’s Post, the globally streamed video podcast Gent’s Talk, and PopTake. Through its creative production arm, STAMINA produces original editorial photography, video and branded content internationally, with work produced for and/or featured in leading global publications including Flaunt, FASHION, HELLO!, VULKAN, SWAGGER, GQ, The Perfect Man, Condé Nast Traveler, Travel + Leisure and Architectural Digest, among others.

For more, visit HaveStamina.com.

SOURCE STAMINA Group Inc.

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Shure Named a Leader in the 2026 IDC MarketScape for AI-Enabled Smart Conference Room Hardware for Hybrid Meetings

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NILES, Ill., Oct. 26, 2026 /PRNewswire/ — Shure today announced that it has been named a Leader in the IDC MarketScape: Worldwide AI-Enabled Smart Conference Room Hardware for Hybrid Meetings 2026 Vendor Assessment (Doc #EUR154115926, October 2026).

Building on more than 100 years of audio expertise, Shure helps organizations equip and manage modern meeting spaces while delivering the high-quality speech capture that AI-powered transcription, speaker attribution and meeting summaries rely on.

“Shure’s position as a Leader in this IDC MarketScape reflects how far the company has expanded beyond its audio heritage,” said Gala Spasova, Senior Research Manager, IDC. “Shure has built a comprehensive workplace collaboration portfolio spanning audio, video, compute and cloud management, while maintaining a clear strength in the complex environments where consistent speech capture and intelligibility matter most are critical.”

Shure brings audio, video, compute and ShureCloud device management together in a portfolio that works across the collaboration platforms organizations already use and trust. Shure solutions support Microsoft Teams, Zoom, Google Meet and Cisco Webex.

Shure Recognized for Strengths
The report cited the following strengths for Shure:

Shure solutions are well suited for challenging audio environments, including large, complex, and mission-critical deployments where consistent speech capture, scalable coverage, and intelligibility are critical to the meeting experience and downstream AI outcomes.

Real-time talker-positional data can trigger and enhance camera tracking in partner video systems, enabling organizations to improve speaker-focused video experiences while retaining flexibility across camera vendors.

Microsoft Teams and Zoom run directly on the IntelliMix Room Kits and Foundation System, which supply compute, audio processing, and touch panel together, and the Bar Pro runs Teams on the Microsoft Device Ecosystem Platform, with Shure’s own person-detection and speech-enhancement models on the device

“We believe Shure’s recognition as a Leader in the IDC MarketScape reflects the progress we’ve made in expanding our role in the hybrid workplace. Enterprise collaboration should be built as a platform, not a collection of individual meeting rooms,” said Sam Sabet, Executive VP and Chief Technology Officer at Shure. “At Shure, we’re building that platform with secure, manageable technology that can scale from an all-in-one collaboration bar to a multi-camera system in a large, complex room. Continuous innovation is part of that approach, with solutions designed to grow with our customers as their technology needs evolve. That gives IT a consistent foundation to scale while providing AI tools the high-quality inputs they need to do their job.”

When Organizations Should Consider Shure
According to the IDC MarketScape, organizations should consider Shure when:

You manage a large or complex estate with varied acoustic conditions, and audio quality is a decisive purchasing criterion. You want to maximize the value of meeting AI and recognize that transcription, speaker attribution, summarization, and AI-driven insights depend on the quality of the audio captured in the room.

You want system- and device-level life-cycle management and analytics from the conference room solution supplier, complementing the management capabilities available through your collaboration platform’s console.

Support Across the Lifecycle
“The investment doesn’t stop once the technology is installed,” Sabet added. “Customers need to know their systems will continue to perform and that the right support is there when they need it. With warranty coverage available for up to five years and a professional services team working alongside integrators, resellers and managed services providers, we support customers throughout the lifecycle of their collaboration environments.”

To learn more about Shure’s collaboration and conferencing solutions or request a product demonstration, visit Shure’s conferencing page.

About Shure
Shure (www.shure.com) has been helping people sound extraordinary for more than 100 years. Founded in 1925, we are a leading global manufacturer of audio and collaboration technology, known for our commitment to quality, performance, and durability. We make microphones, wireless microphones, conference room solutions, earphones and headphones, in-ear monitors, and more. 

From the biggest broadcast events and live performances, to critical business meetings and university lectures, to your home office or studio, you can always rely on Shure. 

Shure is headquartered just outside of Chicago in Niles, Illinois, in the United States. We have more than 30 locations around the world, and our products are sold in over 120 countries. 

About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and services suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.

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SOURCE Shure Inc.

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Big Tree Cloud Holdings Limited Announces Filing of Annual Report on Form 20-F for Fiscal Year 2026

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SHENZHEN, China, Oct. 26, 2026 /PRNewswire/ — Big Tree Cloud Holdings Limited (“Big Tree Cloud” or the “Company”) (NASDAQ: DSY; DSYWW),  a capital platform focusing on industrial integration and strategic investments in the Chinese personal care industry and a provider of AI technology services, today announced that it filed its annual report on Form 20-F for the fiscal year ended June 30, 2026 (the “Annual Report”)  with the U.S. Securities and Exchange Commission (“SEC”) on October 26, 2026.

The Annual Report is available on Big Tree Cloud’s website at https://www.bigtreecloud.net  and  https://ir.bigtreeclouds.com,  as well  as the SEC’s website at http://www.sec.gov. Big Tree Cloud will provide a hard copy of the Annual Report, including its audited consolidated financial statements, free of charge, to its shareholders upon request to the investor relations contact below.

About Big Tree Cloud

Founded in 2020, Big Tree Cloud is positioned as an international capital platform focused on industrial integration and strategic investment in China’s personal care industry. In 2026, the Company also expanded its business to include AI technology services. The Company is committed to empowering industries through capital operations and technology-driven solutions. To learn more about the Company, please visit its corporate website at https://www.bigtreecloud.net.

Forward-Looking Statements

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to achieve its goals and strategies; its future business development, financial condition and results of operations; the growth of, and trends in, the markets in which the Company operates; its ability to successfully develop and expand its AI technology services business, attract and retain customers, satisfy their technical and operational requirements and capture market demand; its ability to maintain and enhance its brand and reputation; its reliance on its relationship with its customers and end-users; its customer concentration; its ability to obtain additional financing on acceptable terms; changes in laws and regulations affecting its business, including laws and regulations in China; general economic and business conditions globally and in China; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Annual Report. All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law.

SOURCE Big Tree Cloud Holdings Limited

Investor Relations Contact
Ting Yan
Phone: +86 15986815865
Email: yanting@bigtreeclouds.com 

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