AIGC Large Language Model (LLM) Market Size, Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

According to new survey, global AIGC Large Language Model (LLM) market is projected to reach US$ 259890 million in 2029, increasing from US$ 214.8 million in 2022, with the CAGR of 141.7% during the period of 2023 to 2029.

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A large language model (LLM) is a type of artificial intelligence (AI) algorithm that uses deep learning techniques and massively large data sets to understand, summarize, generate and predict new content. The term generative AI also is closely connected with LLMs, which are, in fact, a type of generative AI that has been specifically architected to help generate text-based content.

Key companies engaged in the AIGC Large Language Model (LLM) industry include Open AI(ChatGPT), Google(PaLM), Meta (LLaMA), AI21 Labs(Jurassic), Cohere, Anthropic(Claude), Microsoft(Turing-NLG, Orca), Huawei(Pangu) and Naver(HyperCLOVA), etc. Among those companies, the top 3 players guaranteed % supply worldwide in 2022.
When refers to consumption region, % value of AIGC Large Language Model (LLM) were sold to North America, Europe and Asia Pacific in 2022. Moreover, China, plays a key role in the whole AIGC Large Language Model (LLM) market and estimated to attract more attentions from industry insiders and investors.

By Type
• Below 100 Billion Parameters
• Above 100 Billion Parameters

By Application
• Chatbots and Virtual Assistants
• Content Generation
• Language Translation
• Code Development
• Sentiment Analysis
• Medical Diagnosis and Treatment
• Education

Key Companies
Open AI(ChatGPT), Google(PaLM), Meta (LLaMA), AI21 Labs(Jurassic), Cohere, Anthropic(Claude), Microsoft(Turing-NLG, Orca), Huawei(Pangu), Naver(HyperCLOVA), Tencent(Hunyuan), Yandex(YaLM), Amazon(Titan, Olympus), Alibaba(Qwen), Baidu (Ernie), Technology Innovation Institute (TII) (Falcon), Crowdworks, NEC

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This release was published on openPR.