[industry research: the artificial intelligence market is expected to reach $1.3 trillion by 2032. The release of consumer-centric artificial intelligence (AI) systems such as ChatGPT and Google's Bard will fuel a decade-long boom, leaping the generative AI market from $40 billion last year to $1.3 trillion in 2032. According to a new report by Bloomberg industry research analysts led by Mandeep Singh, the industry is likely to grow at a compound annual rate of about 42% over the next decade, driven first by training infrastructure and then by large language model inference engines, advertising and other services. Amazon's cloud division, Google parent Alphabet Inc., Nvidia and Microsoft, which has invested billions of dollars in OpenAI, are likely to be the biggest winners of the artificial intelligence boom, the report said. (Bloomberg)