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Artificial Intelligence (AI) Chipsets Market: Surge in Inference Applications Drives 37.1% CAGR by 2031 | SkyQuest Technology

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WESTFORD, Mass., July 10, 2024 /PRNewswire/ — According to SkyQuest, the global Artificial Intelligence (AI) Chipsets Market size was valued at USD 15.36 billion in 2022 and is poised to grow from USD 21.05 billion in 2023 to USD 262.78 billion by 2031, growing at a CAGR of 37.1% during the forecast period (2024-2031).

The market is driven by increased data availability and the need for more computing power. The increasing adoption of autonomous vehicles and parallel computing in AI data centers is driving the increase in the use of chipsets and other. AI technologies in these industries. AI is becoming an integral part of consumer electronics, including everything. Along with this growth in the semiconductor industry comes new opportunities. The ability to handle increasing amounts of data is a key factor in growing the market size of AI chipsets. Artificial intelligence (AI) is creeping into almost every aspect of consumer electronics. Its usage is increasing beyond mobile phones along with the automotive industry.

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Artificial Intelligence (AI) Chipsets Market Overview:

Report Coverage

Details

Market Revenue in 2023

USD 21.05 Billion

Estimated Value by 2031

USD 262.78 Billion

Growth Rate

Poised to grow at a CAGR of 37.1%

Forecast Period

2024–2031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Hardware, Computing Technology, Technology, End User and Function

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Product Innovations in AI Chipsets Market Shaping the Future

Key Market Drivers

Growing Demand for Autonomous Vehicles

Segments covered in Artificial Intelligence (AI) Chipsets Market are as follows:

HardwareProcessor (Graphic Processing Unit (GPU), Application-Specific Integrated Circuit (ASIC), Field Programmable Array (FPGA), Central Processing Unit (CPU), Digital Signal Processor (DSP), Microcontroller (MCU)), Memory, Network (Interconnects and Ethernet Adapters)Computing TechnologyEdge AI Computing, Cloud AI ComputingTechnologyMachine Learning (Deep learning, Supervised Learning, Unsupervised Learning, Reinforcement Learning, and others), Natural Language Processing, Context-Aware Computing, Computer Vision, Predictive AnalysisEnd-UserConsumer Electronics, Automotive and Transportation, Manufacturing, Agriculture, Retail, Healthcare, Cybersecurity, Human Resources, Marketing, Law, Fintech, Government, OthersFunctionTraining and Inference

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Revolutionizing Computing: Cutting-Edge Technologies in AI Chipsets

Cloud AI computing had the largest market share in the AI chipset market by 2023, the year the technology was widely used in business-based chipset training. The driving forces behind the growth of the cloud-AI computing segment were as follows: 70% of companies access their AI capabilities through cloud-based software, and 65% of them access cloud services and AI applications.

In contrast, the Edge A.I. Most artificial chipsets running at the edge today are used for simulation, while artificial intelligence chipsets for edge are in early development Many big players compete in the market with AI chipsets in both cloud and edge, and it has used examples such as Google Inc, Baidu Inc, Graphcore Established and edge-driven for accounting for AI chipsets.

Empowering End-Users: The Reach of AI Chipsets Across Industries

Consumer electronics holds the largest marketplace proportion inside the marketplace by way of 2023. The emergence of AI-powered technologies has dramatically changed consumer electronics, formed consumer expectations, revolutionized commercial enterprise fashions and created new market channels. As people turn out to be accustomed to clever gadgets of their everyday life, expectancies and goals for convenient electronics develop schools, using power. It also emphasizes integrated systems harnessing the power of AI.

However, automobiles and transportation have made rapid advances in AI and its products. Furthermore, increased disposable income is directly related to the power of the consumer in the automotive industry. From that perspective, the automotive industry is booming and at the same time, it will increase the demand for AI chipsets. In addition to using AI chipsets in the automotive industry to make vehicles sense and react to their environment, which can improve safety and comfort. AI chipsets are used in vehicle systems, including advanced driver assistance systems (ADAS), autonomous driving and entertainment drives.

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Accelerating Innovation: The Future of AI Chipsets Market

The artificial intelligence (AI) chipsets market is evolving and changing at a rapid pace, driven by the growing demand for powerful and efficient computing solutions to support artificial intelligence. As businesses around the world embrace AI technologies, there’s a huge need for specialized chipsets that are powerful AI. handle tasks quickly and efficiently.

Advances in semiconductor technology and continuous innovation in AI algorithms are the major drivers of the market. Companies are developing more advanced specialized AI chipsets, such as neural processing units (NPUs) and graphics processing units (GPUs), to meet the increasing computing needs of AI applications.

Related Report:

AI Market 

Artificial Intelligence (AI) in Computer Vision Market

Edge Artificial Intelligence (AI) Market

Mobile Artificial Intelligence (AI) Market

Artificial Intelligence (AI) Hardware Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

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Trupeer AI Appoints Former UiPath APAC President & CEO Raghu Subramanian to Accelerate UK Enterprise Growth

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LONDON, June 19, 2026 /PRNewswire/ — Trupeer AI, the workflow knowledge layer for teams and AI agents, today announced the appointment of Raghu Subramanian as President and Chief Business Officer as the company accelerates its expansion in the United Kingdom, one of Europe’s most knowledge-intensive enterprise markets. Backed by RTP Global, Salesforce Ventures and trusted by more than 50,000 teams in over 100 countries, Trupeer is strengthening its leadership team to scale adoption across enterprises, financial and professional services firms, and technology-enabled business services companies.

The United Kingdom represents a strategic priority for Trupeer. London’s financial services and professional services sectors rank among the most compliance-documented, knowledge-intensive industries anywhere in the world, where process knowledge is a regulatory artifact, not a nice-to-have. UK enterprises are also among Europe’s largest buyers of global business services, operating capability centres across multiple countries, placing them squarely on the demand side of the cross-border knowledge distribution challenge Trupeer is built to solve. For organisations managing teams and processes across geographies, the ability to capture knowledge once and deploy it in 120+ languages is operational infrastructure, not a feature. The depth of this opportunity is already visible in Trupeer’s deployments: a FTSE 100 company used the platform to train thousands of employees across a multi-country IT transformation, saving over 9,000 hours in the process.

Raghu joins from a distinguished career at the forefront of enterprise automation. As a founding member of the management team at UiPath, he was part of the core executive team that helped build the company into a $35+ billion NYSE-listed enterprise. He established UiPath’s India operations in 2016 and later served as President & CEO for India and APAC. Bringing over 25 years of enterprise technology leadership, Raghu has built and scaled enterprise businesses across global markets, with deep expertise in automation, business process management, and enterprise AI adoption. Prior to joining UiPath, he served as CTO of EXL Service.

At Trupeer, he will lead the company’s next phase of commercial expansion, with a sharp focus on UK-headquartered enterprises and the demand side of European global capability centre networks. Trupeer’s platform transforms unstructured, multimodal workflows into SOPs, guides, training assets, studio-quality videos, and continuously updated, AI-ready context for employees and intelligent agents, delivering knowledge transfer in 120+ languages.

Shivali Goyal, CEO and Co-Founder, Trupeer AI, said, “Raghu has spent decades helping organisations adopt and scale transformative technologies and brings deep experience in building enterprises globally. Having seen first-hand the challenges enterprises face in organisational knowledge and agentic AI enablement, Raghu immediately resonated with our vision and the momentum Trupeer has built globally. His expertise will help us strengthen our commercial capabilities, deepen partnerships, and unlock the next phase of growth at Trupeer.”

Raghu Subramanian, President and Chief Business Officer, Trupeer AI, said, “Enterprises have long struggled to get real value from AI, and the reason is fragmented context. The knowledge that makes AI useful sits trapped in people’s heads and scattered across tools. In the agentic AI era, where agents are only as good as the context they run on, that gap becomes the difference between AI that works and doesn’t. This is the gap Trupeer was built to close. I look forward to partnering with enterprises and organisations across the globe to build the context layer that makes enterprise knowledge structured, accessible, and actionable, and AI genuinely useful.”

About Trupeer

Trupeer AI is the workflow knowledge layer for enterprises that enables teams and AI agents. The company helps organizations capture critical operational knowledge that is often trapped in the minds of subject matter experts and scattered across tools, transforming it into structured, accessible, and queryable knowledge. Its platform captures enterprise workflows and turns unstructured, multimodal input into SOPs, guides, studio-quality videos, training assets into 120+ languages and continuously updated, AI-ready context that intelligent agents can leverage, making institutional knowledge accessible, actionable, and queryable. Backed by RTP Global and Salesforce Ventures, Trupeer supports more than 50,000 teams in over 100 countries, including Fortune 100 enterprises, Global Capability Centers and technology-enabled business services companies.

Further details: https://www.trupeer.ai/

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Resilience Actions, a Re Sustainability Initiative, Launches ECOHUB.IN to Power India’s Climate and Circular Economy Innovation Ecosystem

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HYDERABAD, India, June 19, 2026 /PRNewswire/ — Resilience Actions, the social and environmental impact initiative of Re (Re Sustainability), has launched ECOHUB.IN, a sustainability-focused incubator designed to support early-stage enterprises working in climate and clean-tech, pollution management, resource efficiency, circular economy, and sustainability innovation.

The initiative is aimed at startups that have moved beyond the ideation stage and are ready for commercial scale, with a working Minimum Viable Product (MVP), a committed team, and a clearly defined market opportunity.

As India advances towards a low-carbon and circular economy, the demand for innovative sustainability solutions continues to grow. However, many promising ventures face challenges in scaling due to limited access to mentorship, catalytic capital, industry partnerships, pilot opportunities, and business validation. ECOHUB.IN has been established to bridge these gaps and help transform high-potential sustainability ventures into scalable businesses capable of delivering measurable environmental and social impact.

Through the incubator, participating startups will gain access to mentorship, technical and business advisory support, investment-readiness assistance, pilot-to-commercial pathways, ecosystem partnerships, and opportunities for industry integration. A key differentiator of ECOHUB.IN is its connection to Re’s extensive operational ecosystem, enabling selected ventures to engage with domain experts, validate solutions in real-world environments, and explore pathways for commercial deployment and scale.

Commenting on the launch, Masood Mallick, Managing Director and Group CEO, Re (Re Sustainability), said:

“India’s sustainability transition will not be driven by infrastructure alone. It will be driven by innovation, entrepreneurship, and the ability to scale ideas that solve real environmental challenges. Through ECOHUB.IN, we are creating a platform that brings together innovators, startups, industry leaders, investors, academia, and policymakers to accelerate solutions that are commercially viable, environmentally responsible, and capable of delivering measurable impact.

India has no shortage of ideas. What is often missing is the ecosystem that helps transform those ideas into scalable enterprises. ECOHUB.IN is designed to bridge that gap by providing mentorship, industry access, business validation, and pathways to commercial adoption. By combining the strengths of innovation with the experience and operational ecosystem of Re Sustainability, we hope to enable the next generation of climate and circular economy entrepreneurs to build solutions that contribute meaningfully to India’s sustainability journey and create lasting value for society, industry, and the planet.”

Over time, ECOHUB.IN aims to strengthen India’s sustainability innovation ecosystem by supporting ventures that reduce pollution, improve resource efficiency, advance circularity, create green jobs, enable decarbonization, and contribute to a more resilient future.

Applications for the inaugural cohort will open shortly through ECOHUB.IN.

About Resilience Actions

Resilience Actions is the social and environmental impact initiative of Re Sustainability, focused on building resilient communities through sustainability, innovation, capacity building, and ecosystem partnerships.

Learn more: resilience.org.in | ecohub.in 

About Re Sustainability

Re Sustainability (Re), a KKR company, is one of Asia’s leading providers of integrated environmental and sustainability solutions, delivering waste management, circular economy, water, remediation, and sustainability infrastructure solutions across India and international markets.

Learn more: resustainability.com

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IIFL Capital Launches Algo Marketplace with Over 100 Ready-Made Strategies

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MUMBAI, India, June 19, 2026 /PRNewswire/ — IIFL Capital Services Limited (https://www.iiflcapital.com) today announced the launch of its next-generation algorithmic trading platform. The platform offers access to more than 100 ready-made exchange-approved algorithmic trading strategies, making sophisticated trading tools accessible to a wider investor base.

Algorithmic trading has emerged as one of the fastest-growing segments in global capital markets, driven by advances in technology, data analytics and automation. In India, increasing regulatory clarity and growing investor adoption are accelerating the shift towards systematic and rules-based trading approaches.

Commenting on the launch, Rachit Mehta, Head of Products and Platform, IIFL Capital, said:

“For over three decades, IIFL has been at the forefront of innovation in India’s financial services industry. From pioneering digital investing solutions to building cutting-edge trading infrastructure, technology has been central to our growth journey. The launch of our Algo Marketplace marks another important milestone in that evolution.”

“With access to over 100 ready-made strategies, a robust technology architecture and participation from leading exchange-approved strategy providers, I believe we have created one of the most comprehensive algorithmic trading ecosystems in the country. Our objective is to democratize access to sophisticated trading strategies and empower investors with institutional-grade tools through a simple and intuitive platform.”

The launch further strengthens IIFL Capital’s position as a technology-led financial services institution. Over the past three decades, the company has consistently invested in digital innovation, helping millions of investors access capital markets through advanced yet user-friendly solutions.

As algorithmic trading continues to gain momentum in India, IIFL Capital’s platform aims to bridge the gap between institutional-grade technology and retail investor participation, bringing automation, discipline and data-driven decision-making to a broader audience.

About IIFL Capital Services Ltd

IIFL Capital Services Ltd (formerly known as IIFL Securities Limited) (NSE: IIFLCAPS) (BSE: 542773) is one of the key capital market players in the Indian financial services space. IIFL Capital offers broking services, wealth management, financial products distribution, institutional broking, research and investment banking services.

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