Key Points
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Spending on artificial intelligence could reach $4.8 trillion by 2033.
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Nvidia’s GPUs hold a 90% market share for AI applications.
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Amazon’s AWS holds 30% of the global cloud infrastructure market.
The United Nations predicts the global AI market will grow from $189 billion in 2023 to nearly $5 trillion by 2033. Nvidia, dominating AI GPUs with a 90% market share, is expected to see its market cap surge to $5 trillion, especially following U.S. government approval to export new GPUs to China. Amazon’s AWS, as the largest cloud infrastructure provider, holds 30% of the market and is set to benefit from an anticipated annual AI spending increase of 20% to 30%.
