In the past year, artificial intelligence (AI) has attracted a lot of attention. Advances in generative AI, a technology that can create content that closely resembles a human’s response, have enabled people to interact with a range of new, exciting, and potentially transformational applications including ChatGPT. In this document, we will discuss the changes and how the semiconductor industry is responding with the development of new, AI-optimized chips.
The interest in generative AI has boosted the semiconductor industry. After five consecutive quarters of declines, the industry returned to growth in the second quarter of 2023. Revenue increased 3.8% from $119.8 billion to $124.3 billion.
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