openPR Logo
Press release

Is ASIC going to win the Artificial Intelligence race?

07-18-2018 04:38 PM CET | IT, New Media & Software

Press release from: Allied Market Research

AI Chip Market

AI Chip Market

What is an ASIC?

An application-specific integrated circuit (ASIC) is a microchip designed for specific applications; for instance, any kind of transmission protocol or a hand-held computer. ASICs are general integrated circuits similar to microprocessors and random-access memory chips, which are incorporated in the PCs. ASICs are used for various purposes, including auto emission control, environmental monitoring, and personal digital assistants (PDAs).

An ASIC is a graphics processing unit (GPU) used for processing graphics algorithms. The core difference between these two is that an ASIC offers an instruction set and libraries, which enable the GPU to be programmed and operated on locally-stored data as an accelerator for numerous parallel algorithms.

Request Sample Report at:

In integrated circuit (IC) technology, it is a common procedure that certain tasks are done initially on general-purpose processors followed by field programmable gate arrays (FPGAs) and then custom ASICs. In comparison to other chips, ASICs deliver the best performance, power, and efficiency. However, designing an ASIC chip and getting it to the point of manufacturability may take tens of millions of dollars. Hence, ASICs are mostly used when a market application has reached a certain level at which the advantages of the ASIC solution become compelling.

How are ASIC chips incorporated in AI?

With respect to machine learning and artificial neural networks, several ASICs have become vital components in and after 2018. An example of an ASIC designed for machine learning is the tensor processing unit (TPU). Google has developed a series of ASICs for machine learning called TPUs, which are optimized sources to run open-source machine learning software, TensorFlow that is also developed by Google. In addition, Fujitsu has been planning to launch its chip called the deep learning unit (DLU). Similarly, Bitmain, one of the leaders in cryptocurrency mining, uses the ASIC chips to produce powerful and efficient cryptocurrency miners.

Read about Machine Learning Chip Market at:

Artificial intelligence (AI) has been really heating up these days. Although, the technology has been around for quite some time, but lately, it is getting attention for applications, such as data center analytics, autonomous vehicles, and augmented reality. In the future, AI will be everywhere, be it cars, camera servers, or back ends. An analogy is replacement of a horse with a motor vehicle, which resulted in big-time changes and altered the world dramatically.

What is the current scenario of super 7 companies?

Google crowns itself as an “AI First” company. The AI technology has been in use for some time now and has its role across the entire business, such as search engines, self-driving vehicles, Google cloud, Google home, and several other new and existing products and services. Hence, Google built and took control of its own hardware TPU accelerators and software framework, TensorFlow, on which they build their products and services.

Among the other super 7 members, mainly, Amazon, Alibaba, Baidu, Facebook, Microsoft, and Tencent, it is highly possible that they build their own accelerator, but none of them exhibits the attributes as Google does. However, rest of these companies are close to Google in introducing their own chips, but each has been moving in a different direction.

Baidu has publicly released that it has partnered with NVIDIA for AI initiatives in cloud, home, and autos. Having stated that, it does not mean Baidu cannot create its own chip, but in the current scenario, it concentrates more on its software and services.

Read More on AI Chip at:

Microsoft, on the other hand, is the second-largest cloud services provider and consists of more than 5,000 AI engineers. It has been looking forward to dominating AI with the help of its tools and APIs for enterprise customers. However, Microsoft uses Altera FPGAs from Intel in its Azure and Bing infrastructure because the company opines that it gains from a more flexible hardware platform in a fast-changing world. In addition, the company also uses NVIDIA GPUs for training its neural networks.

Lastly, Amazon seems to be the closest to Google because Amazon web services (AWS) is huge, and the organization has been increasingly investing in AI. Although, Amazon prefers the Apache MXNet framework for development of AI, its AWS cloud services for AI support all the major frameworks, making it the open software of AI development. Amazon had previously entered into the ASIC race by acquiring Ana Purna labs in 2012, to remove the costs and latencies required in the AWS infrastructure. However, Amazon prefers to be keen on using FPGAs, owing to their all-programmable nature.

According to a recent report published by Allied Market Research, titled, AI Chip Market by Technology and Application: Global Opportunity Analysis and Industry Forecast, 2017–2023, the global AI chip market was valued at $661 million in 2016, and is projected to reach around $11 billion by 2023, growing at a CAGR of 49.6% from 2017 to 2023.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Is ASIC going to win the Artificial Intelligence race? here

News-ID: 1133750 • Views: 945

More Releases from Allied Market Research

Fresh Mushroom Market with Covid-19 Pandemic Analysis, Growth Rate, New Trend An …
A mushroom is the fleshy, spore-bearing fruiting body of an organism, ordinarily produced above ground on the soil.Mushrooms come in the shape of an umbrella and are a rich source of proteins, iron, and nutritional content. Moreover, fresh mushrooms provide several health benefits such as prevention from breast cancer, prostate cancer, and diabetes. Mushrooms also help in reducing weight and improve the immune system. Fresh mushrooms have different types of
Artificial Intelligence as a Service Market Demand With COVID-19 Recovery Analys …
The global artificial intelligence as a service market (AIaaS) accounted for $2,397.2 million in 2017, and is expected to reach $77,047.7 million by 2025, growing at a CAGR of 56.7% from 2018 to 2025. In 2017, North America dominated the global market, in terms of revenue, accounting for about 47.0% share of the global market, followed by Asia-Pacific. The major players, such as Amazon, Microsoft Corporation, Alphabet Inc. (Google Inc.), IBM
Online Food Delivery Market Size, Growth Prospects, Key Vendors, Future Scenario …
Online Food Delivery Market Overview: The online food delivery is a service that allows the user to order food from a desired food outlet via the internet. This can be done either by going directly to the website and placing an order or by using a mobile phone application. The introduction of online food delivery system has been a convenient addition, which has not only reduced long queues, but has also
Precision Ball Screws Market Anticipated to Reach $2.0 Billion by 2027 | COVID-1 …
According to a new report published by Allied Market Research, titled, “Precision Ball Screw Market by Type and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the global precision ball screw market size was valued at $1,571.0 million in 2019, and is projected to reach $2,043.9 million by 2027, registering a CAGR of 5.1% from 2020 to 2027. The growth of the global precision ball screw market is driven by growth

All 5 Releases

More Releases for ASIC

Global ASIC Market Thriving on Flourishing Consumer Electronics Industry
For a number of industries including automotive, consumer electronics, and telecommunications, the advent of application specific integrated circuits (ASICs) has been a major boost in terms of achieving greater speeds. These ASICs are designed specifically to perform one certain job and they can be utterly small, which in turn means lesser usage of electricity. In the present times, application specific integrated circuits are found in nearly all electronic devices. Complete Report
ASIC Chip Market: Avalon, Bitmain, ASICMiner, Spards
MarketResearchReports.Biz adds “Global ASIC Chip Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the ASIC Chip market and the growth estimates for the forecasted period. The ASIC Chip Market has been comprehensively detailed in the report with special focus on a range of key elements such as market share, forecast and base figures, CAGR, driving factors, growth restraints, and
Application Specific Integrated Circuit (ASIC) Market 2024 | Top Key Product Typ …
An insightful study, titled “Application Specific Integrated Circuit (ASIC) Market – Telecommunication, Industrial, Automotive, and Consumer Electronics) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2024” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). This 130 page research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue
Application Specific IC (ASIC) Industry - Analysis and Forecasts by Full-Custom …
Application Specific IC (ASIC) is defined as a non-standard integrated circuit which is designed for a specific use such as particular kind of transmission protocol rather than intended for a general purpose use. These are used in wide range of applications like emission control, environmental monitoring and other personal digital assistants. Rising consumer electronics and telecommunication industry is the major driver which help in surging the growth of ASIC market whereas
ASIC Redesign – The Answer for Discontinued Parts
MAZeT Offers Redesign of Digital and Mixed-Signal ASICs that Delivers Long-Term Availability and Optimization MAZeT GmbH, specialized in the development and custom production of embedded systems and optoelectronics, devised a redesign strategy for digital and mixed-signal ASICs (application-specific integrated circuits) as an answer to discontinued parts. With this move, MAZeT is guaranteeing the future operability of existing electronics developments. “ASICs offer significant benefits compared to standard ICs,” explains Dr. Fred
Admiral Markets launches ASIC licensed office in Australia
Admiral Markets launches ASIC licensed office in Australia • Brings its award winning technology to the Australian and Asian markets • To launch a CFD trading platform Tuesday January 24, 2012 - Admiral Markets has announced that it opened an office in Australia located at 95 Pitt St, Sydney NSW 2000, Australia. Opening an Australian office is a part of Admiral Market’s global expansion strategic plan, as one of the main goals of Admiral Markets