Bloomberg Intelligence: the size of the generative AI market is expected to grow to US $1.3 trillion in 2032 with a compound annual growth rate of 42%.

[Bloomberg Intelligence: the size of the generative AI market is expected to grow to US $1.3 trillion in 2032 with a compound annual growth rate of 42%] Science and Technology Innovation Board Daily reported on the 13th that in the next 10 years, the size of the generative AI market will grow from US $40 billion in 2022 to US $1.3 trillion in 2032, and the annual compound growth rate is expected to reach 42%. Generative AI is expected to account for 10 per cent of IT hardware, software services, advertising and game market spending by 2032, compared with less than 1 per cent currently.